Current as of June 08, 2021 | Updated by FindLaw Staff
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Sec. 5. If a trier of fact awards punitive damages that exceed the limitation under section 4 of this chapter, the court shall reduce the punitive damage award to not more than the greater of:
(1) three (3) times the amount of compensatory damages awarded in the action; or
(2) fifty thousand dollars ($50,000).
Cite this article: FindLaw.com - Indiana Code Title 34. Civil Law and Procedure § 34-51-3-5 - last updated June 08, 2021 | https://codes.findlaw.com/in/title-34-civil-law-and-procedure/in-code-sect-34-51-3-5.html
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