Sec. 4. A director may, in considering the best interests of a corporation, consider the effects of any action on shareholders, employees, suppliers, and customers of the corporation, and the communities in which offices or other facilities of the corporation are located, and any other factors the director considers pertinent.
As added by P.L.14-1992, SEC.163.
Structure Indiana Code
Title 28. Financial Institutions
Article 13. Corporate Governance
Chapter 11. Standards of Conduct for Directors
28-13-11-1. Discharge of Duties; Good Faith; Ordinary Prudence; Best Interests of Corporation
28-13-11-2. Right to Rely on Data and Other Information; Financial Statements and Data
28-13-11-3. Bad Faith; Knowledge Making Reliance on Information Unwarranted
28-13-11-4. Best Interests of Corporation; Factors Considered
28-13-11-5. Exemption From Personal Liability; Inapplicability in Departmental Proceedings
28-13-11-6. Legislative Intent; Business Judgment and Discretion of Directors; Corporate Takeovers
28-13-11-8. Disinterested Persons; Director or Shareholder of Corporation
28-13-11-10. Unlawful Distribution; Liability of Director; Right to Contribution