Ind. Code § 34-51-3-5

Current through P.L. 171-2024

Section 34-51-3-5 - Reduction of excessive damage award

If a trier of fact awards punitive damages that exceed the limitation under section 4 of this chapter, the court shall reduce the punitive damage award to not more than the greater of:

(1) three (3) times the amount of compensatory damages awarded in the action; or

(2) fifty thousand dollars ($50,000).

IC 34-51-3-5

Pre-1998 Recodification Citation: 34-4-34-5.

As added by P.L. 1-1998, SEC.47.