Ind. Code § 28-13-11-2
Right to rely on data and other information; financial statements and data
Indiana · Indiana Code Title 28 — Financial Institutions · Status: effective
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- Citation
- Ind. Code § 28-13-11-2, Right to rely on data and other information; financial statements and data, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1667071
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Full text
Sec. 2. In discharging the director's duties, a director is entitled to rely on information, opinions, reports, or statements, including financial statements and other financial data, if prepared or presented by:
(1) at least one (1) officer or employee of the corporation whom the director reasonably believes to be reliable and competent in the matters presented;
(2) legal counsel, public accountants, or other persons as to matters the director reasonably believes are within the person's professional or expert competence; or
(3) a committee of the board of directors of which the director is not a member if the director reasonably believes the committee merits confidence.