Iowa § 490.857 Insurance

Iowa Statutes

§ 490.857 — Insurance

Iowa § 490.857

Title XIIBUSINESS ENTITIES

Ch. 490BUSINESS CORPORATIONS

This text of Iowa § 490.857 (Insurance) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 490.857 (2026).

Text

A corporation may purchase and maintain insurance on behalf of an individual who is a
director or officer of the corporation, or who, while a director or officer of the corporation,
serves at the corporation’s request as a director, officer, partner, trustee, employee, or agent
of another domestic or foreign corporation, or a joint venture, trust, employee benefit plan,
or other entity, against liability asserted against or incurred by the individual in that capacity
or arising from the individual’s status as a director or officer, regardless of whether the
corporation would have power to indemnify or advance expenses to the individual against
the same liability under this part.

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A corporation may purchase and maintain insurance on behalf of an individual who is a
director or officer of the corporation, or who, while a director or officer of the corporation,
serves at the corporation’s request as a director, officer, partner, trustee, employee, or agent
of another domestic or foreign corporation, or a joint venture, trust, employee benefit plan,
or other entity, against liability asserted against or incurred by the individual in that capacity
or arising from the individual’s status as a director or officer, regardless of whether the
corporation would have power to indemnify or advance expenses to the individual against
the same liability under this part.