Ind. Code § 23-1.3-7-3

Current through P.L. 171-2024

Section 23-1.3-7-3 - Immune from personal liability

Except as provided in the bylaws of the benefit corporation, an officer is not personally liable for monetary damages for:

(1) an action or inaction as an officer in the course of performing the duties of an officer under section 1 of this chapter if the officer performed the duties of the position in compliance with IC 23-1 and this chapter; or

(2) failure of the benefit corporation to pursue or create general public benefit or a specific public benefit.

IC 23-1.3-7-3

Added by P.L. 93-2015, SEC. 3, eff. 1/1/2016.