Sec. 2. (a) As used in this chapter, "director" means an individual who is or was a director of a corporation or an individual who, while a director of a corporation, is or was serving at the corporation's request as a director, an officer, a member, a manager, a partner, a trustee, an employee, or an agent of another foreign or domestic corporation, limited liability company, partnership, joint venture, trust, employee benefit plan, or other enterprise, whether for profit or not. A director is considered to be serving an employee benefit plan at the corporation's request if the director's duties to the corporation also impose duties on, or otherwise involve services by, the director to the plan or to participants in or beneficiaries of the plan.
(b) The term includes the estate or personal representative of a director.
As added by P.L.179-1991, SEC.1. Amended by P.L.8-1993, SEC.332.
Structure Indiana Code
Title 23. Business and Other Associations
Article 17. Nonprofit Corporations
23-17-16-1. Corporation Defined
23-17-16-3. Expenses as Including Attorney's Fees
23-17-16-5. Official Capacity Defined
23-17-16-7. Proceeding Defined
23-17-16-9. Director Wholly Successful in Defense of Proceeding
23-17-16-10. Reasonable Expense Payments in Advance of Final Disposition
23-17-16-11. Application to Court; Grounds for Ordering Indemnification
23-17-16-13. Indemnification of Officers, Employees, and Agents
23-17-16-14. Purchase of Insurance
23-17-16-15. Other Rights to Indemnification; Reimbursement of Expenses of Appearing as Witness