Ind. Code § 23-1-37-4 : Indiana Code - Section 23-1-37-4: "Liability" defined

Search Ind. Code § 23-1-37-4 : Indiana Code - Section 23-1-37-4: "Liability" defined

As used in this chapter, "liability" means the obligation to pay a judgment, settlement, penalty, fine (including an excise tax assessed with respect to an employee benefit plan), or reasonable expenses incurred with respect to a proceeding.
As added by P.L.149-1986, SEC.21.