IC 34-51-3-5 — Reduction of excessive damage award
Chapter 3. Punitive Damages
Section text
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).
As added by P.L.1-1998, SEC.47.
Source: official publisher (2026 edition)