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2018 Indiana Code
TITLE 23. Business and other Associations
ARTICLE 1. INDIANA BUSINESS CORPORATION LAW
CHAPTER 37. Indemnification of Directors, Officers, Employees, and Agents
23-1-37-4. "Liability" defined
Universal Citation: IN Code § 23-1-37-4 (2018)
IC 23-1-37-4 "Liability" defined
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.149-1986, SEC.21.
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