Sec. 5. (a) As used in this chapter, "official capacity" means:
(1) when used with respect to a director, the office of director in a corporation; and
(2) when used with respect to an individual other than a director, as contemplated in section 13 of this chapter, the office in a corporation held by the officer or the employment or agency relationship undertaken by the employee or agent on behalf of the corporation.
(b) The term does not include service for any other foreign or domestic corporation or any partnership, joint venture, limited liability company, trust, employee benefit plan, or other enterprise, whether for profit or not.
As added by P.L.14-1992, SEC.163. Amended by P.L.8-1993, SEC.458.
Structure Indiana Code
Title 28. Financial Institutions
Article 13. Corporate Governance
Chapter 13. Indemnification of Directors
28-13-13-1. "Corporation" Defined
28-13-13-2. "Director" Defined; Scope of Term
28-13-13-3. "Expenses" Defined
28-13-13-4. "Liability" Defined
28-13-13-5. "Official Capacity" Defined; Scope of Term
28-13-13-7. "Proceeding" Defined
28-13-13-8. Conditional Indemnification of Director Against Liability
28-13-13-9. Mandatory Indemnification of Director for Expenses of Successful Defense of Proceeding
28-13-13-10. Advancement of Expenses Before Final Disposition of Proceeding; Conditions; Procedure
28-13-13-11. Court Ordered Indemnification; Determination
28-13-13-12. Standards for Conditional Determinations and Authorizations; Procedure
28-13-13-13. Indemnification of Corporate Officers and Employees Other Than Directors
28-13-13-14. Liability Insurance Purchased and Maintained by Corporation