Indiana § 23-17-12-15 - Compensation
Full text of Indiana Indiana Code § 23-17-12-15 — Compensation, with citation guidance and answers to common questions.
§ 23-17-12-15. Compensation
Sec. 15. Unless articles of incorporation or bylaws provide otherwise, a board of directors may fix the compensation of directors.
As added by P.L.179-1991, SEC.1.
IC 23-17-13Chapter 13. Standards of Conduct for Directors
23-17-13-1Duties; reliance on statements of and information given by others; conditions for liability; director not trustee 23-17-13-2Repealed 23-17-13-2.5Contracts and transactions in which member, director, officer, or member of designated body has interest 23-17-13-3Loans to and guarantees of obligations of directors or officers 23-17-13-4Unlawful distributions; liability
Frequently Asked Questions About Indiana § 23-17-12-15
What does Indiana Code § 23-17-12-15 cover?
Section 23-17-12-15 ("Compensation") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 23-17-12-15?
A common citation format is "Indiana Code § 23-17-12-15" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 23-17-12-15 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.