Indiana § 28-13-13-13 Indemnification of corporate officers and employees other than
directors

Indiana Statutes

§ 28-13-13-13 — Indemnification of corporate officers and employees other than directors

Indiana·Art. 13 CORPORATE GOVERNANCE·Ch. 13 Indemnification of Directors

The following apply 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.

(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 the corporation's articles of incorporation, bylaws, ge

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The following apply 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.
(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 the
corporation's articles of incorporation, bylaws, general or specific
action of the corporation's board of directors, or contract.

Indiana § 28-13-13-13 (Indemnification of corporate officers and employees other than directors) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.