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2023 Indiana Code
Title 21. Higher Education
Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans
Chapter 5. Secondary Market for Guaranteed Student Loans
21-16-5-15. Immunity for Officers and Directors
Universal Citation:
IN Code § 21-16-5-15 (2023)
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Sec. 15. Except for an act of fraud or intentional misconduct, an officer or director of the corporation is not individually liable for an act or omission regarding the exercise or performance of that person's duty to the corporation.
[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-8.]
As added by P.L.2-2007, SEC.257.
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