§ 23-17-16-13 — Indemnification of officers, employees, and agents

Indiana § 23-17-16-13

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 17: NONPROFIT CORPORATIONS
• Ch. 16: Indemnification

Text

Unless a corporation's articles of
incorporation provide otherwise:
(1) an officer of the corporation, whether or not a director, is
entitled to:
(A) mandatory indemnification under section 9 of this chapter;
and
(B) 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 indemnify and advance expenses to an
officer, employee, or agent, whether or not a director, to the extent
and consistent with public policy that may be provided by articles
of incorporation, bylaws, general or specific action of the
corporation's board of directors, or contract.

Legislative History

As added by P.L.179-1991, SEC.1.