Arkansas § 4-33-856 Indemnification of officers, employees and agents

Arkansas Statutes

§ 4-33-856 — Indemnification of officers, employees and agents

Arkansas § 4-33-856

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This text of Arkansas § 4-33-856 (Indemnification of officers, employees and agents) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 4-33-856 (2026).

Text

Unless limited by a corporation's articles of incorporation:

(1)an officer of the corporation who is not a director is entitled to mandatory indemnification under § 4-33-852 , and is entitled to apply for court-ordered indemnification under § 4-33-854 in each case, to the same extent as a director;

(2)the corporation may indemnify and advance expenses under this part to an officer, employee, or agent of the corporation who is not a director to the same extent as to a director; and (3) a corporation may also indemnify and advance expenses to an officer, employee, or agent who is not a director to the extent, consistent with public policy, that may be provided by its articles of incorporation, bylaws, general or specific action of its board of directors, or contract.

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Unless limited by a corporation's articles of incorporation: (1) an officer of the corporation who is not a director is entitled to mandatory indemnification under § 4-33-852 , and is entitled to apply for court-ordered indemnification under § 4-33-854 in each case, to the same extent as a director; (2) the corporation may indemnify and advance expenses under this part to an officer, employee, or agent of the corporation who is not a director to the same extent as to a director; and (3) a corporation may also indemnify and advance expenses to an officer, employee, or agent who is not a director to the extent, consistent with public policy, that may be provided by its articles of incorporation, bylaws, general or specific action of its board of directors, or contract.