Sec. 4. As used in this chapter, "liability" means the obligation to pay a judgment, settlement, penalty, fine (including an excise tax assessed with respect to an employee benefit plan), or reasonable expenses incurred with respect to a proceeding.
As added by P.L.266-1987, SEC.6.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 7.5. Indemnification of Directors
27-1-7.5-1. "Corporation" Defined
27-1-7.5-2. "Director" Defined
27-1-7.5-3. "Expenses" Defined
27-1-7.5-4. "Liability" Defined
27-1-7.5-5. "Official Capacity" Defined
27-1-7.5-7. "Proceeding" Defined
27-1-7.5-8. Conditional Indemnification of Director Against Liability
27-1-7.5-9. Mandatory Indemnification of Director for Expenses Incurred in Successful Defense
27-1-7.5-10. Advancement of Expenses Before Final Disposition; Conditions
27-1-7.5-11. Court Ordered Indemnification; Determination
27-1-7.5-13. Indemnification of Corporate Employees Other Than Directors
27-1-7.5-14. Liability Insurance Purchased and Maintained by Corporation