Indiana Code
Chapter 5. Standard of Conduct for Directors
23-1.3-5-4. No Duty to Beneficiary

Sec. 4. A director does not have a duty to a person that is a beneficiary of the general public benefit purpose or a specific public benefit purpose of a benefit corporation arising from the status of the person as a beneficiary.
As added by P.L.93-2015, SEC.3.

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Structure Indiana Code

Indiana Code

Title 23. Business and Other Associations

Article 1.3. Benefit Corporations

Chapter 5. Standard of Conduct for Directors

23-1.3-5-1. Consideration of Interests

23-1.3-5-2. Consideration of Interests Consistent With Other Laws

23-1.3-5-3. Immune From Personal Liability

23-1.3-5-4. No Duty to Beneficiary