Ind. Code » Title 23
Indiana Code

Ind. Code § 23-1-36-4 (2025)

Contract rights

✓ 2025 Indiana Code: the 2026 session is not included
Find cases: SyfertCases citing this section JustiaInd. Code CornellLII Search CasesGoogle Scholar

     Sec. 4. (a) The election or appointment of an officer does not itself create contract rights.

     (b) An officer's removal does not affect the officer's contract rights, if any, with the corporation. An officer's resignation does not affect the corporation's contract rights, if any, with the officer.

As added by P.L.149-1986, SEC.20.

 

IC 23-1-37Chapter 37. Indemnification of Directors, Officers, Employees, and Agents

 

           23-1-37-1"Corporation" defined
           23-1-37-2"Director" defined
           23-1-37-3"Expenses" defined
           23-1-37-4"Liability" defined
           23-1-37-5"Official capacity" defined
           23-1-37-6"Party" defined
           23-1-37-7"Proceeding" defined
           23-1-37-8Indemnification of director against liability
           23-1-37-9Mandatory indemnification of director against expenses
           23-1-37-10Reimbursement of expenses in advance of final disposition
           23-1-37-11Application to court for indemnification
           23-1-37-12Authorization of indemnification
           23-1-37-13Officers, employees, and agents; indemnification and advance of expenses
           23-1-37-14Insurance against liability
           23-1-37-15Indemnification rights under articles of incorporation, bylaws, or resolutions

 

Notes of Decisions
Cited in 1 case (1 in the last 5 years), 2023–2023 · leading case: Schorr v. Ppa Holdings, Inc., No. 1:22-cv-02083 (S.D. Ind. May 23, 2023).
Sort: Relevance Newest Treatment
Schorr v. Ppa Holdings, Inc., No. 1:22-cv-02083 (S.D. Ind. May 23, 2023). · cites it 7× “" Ind. Code § 23-1-36-4 (b). Schorr argues that he had a contractual right to advancement while he was an officer, and under the IBCL, that right cannot be affected by his subsequent removal or resignation (Filing No.”
Ind. Code § 23-1-36-4(b): 1 case
Schorr v. Ppa Holdings, Inc., No. 1:22-cv-02083 (S.D. Ind. May 23, 2023). “" Ind. Code § 23-1-36-4 (b). Schorr argues that he had a contractual right to advancement while he was an officer, and under the IBCL, that right cannot be affected by his subsequent removal or resignation (Filing No.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.