Indiana Code 5-1-17.5-20. Personal liability of directors
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Sec. 20. The directors of the board are not subject to personal liability or accountability by reason of any act authorized by this chapter with respect to the:
(2) execution of any lease or sublease; or
(1) issuance of any obligations;
Terms Used In Indiana Code 5-1-17.5-20
- board: refers to the board of directors of the commission. See Indiana Code 5-1-17.5-5
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(3) execution of any other agreement under this chapter.
As added by P.L.233-2013, SEC.5.