Indiana § 23-1-37-13 Officers, employees, and agents; indemnification and advance of
expenses

Indiana Statutes

§ 23-1-37-13 — Officers, employees, and agents; indemnification and advance of expenses

Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 1 INDIANA BUSINESS CORPORATION LAW·Ch. 37 Indemnification of Directors, Officers, Employees, and

Unless a corporation's articles of incorporation provide otherwise:

(1)an officer of the corporation, whether or not a director, is entitled to mandatory indemnification under section 9 of this chapter, and is entitled to apply for court-ordered indemnification under section 11 of this chapter, in each case to the same extent as a director;

(2)the corporation may indemnify and advance expenses under this chapter to an officer, employee, or agent of the corporation, whether or 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, whether or 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 i

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Unless a corporation's articles of
incorporation provide otherwise:
(1) an officer of the corporation, whether or not a director, is
entitled to mandatory indemnification under section 9 of this
chapter, and is entitled to apply for court-ordered indemnification
under section 11 of this chapter, in each case to the same extent
as a director;
(2) the corporation may indemnify and advance expenses under
this chapter to an officer, employee, or agent of the corporation,
whether or 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, whether or 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.

Indiana § 23-1-37-13 (Officers, employees, and agents; indemnification and advance of expenses) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.