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

Indiana Statutes

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

Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 17 NONPROFIT CORPORATIONS·Ch. 16 Indemnification

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 corporatio

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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:
(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.

Indiana § 23-17-16-13 (Indemnification of officers, employees, and agents) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.