Sec. 3. A director is not acting in good faith if the director has knowledge concerning the matter in question that makes reliance otherwise permitted by section 2 of this chapter unwarranted. As added by P.L.14-1992, SEC.163.
Bad faith; knowledge making reliance on information unwarranted
Ind. Code § 28-13-11-3, under Standards of Conduct for Directors.
Ind. Code § 28-13-11-3