Utah § 16-6a-907 Indemnification of officers, employees, fiduciaries, and agents.

Utah Statutes

§ 16-6a-907 — Indemnification of officers, employees, fiduciaries, and agents.

Utah·Title 16 Corporations·Ch. 16-6a Utah Revised Nonprofit Corporation Act·Part 16-6a-9 Indemnification

Unless a nonprofit corporation's articles of incorporation provide otherwise:

(1)to the same extent as a director, an officer of the nonprofit corporation is entitled to:

(1)(a) mandatory indemnification under Section 16-6a-903; and

(1)(b) apply for court-ordered indemnification under Section 16-6a-905;

(2)a nonprofit corporation may indemnify and advance expenses to an officer, employee, fiduciary, or agent of the nonprofit corporation to the same extent as to a director; and

(3)a nonprofit corporation may indemnify and advance expenses to an officer, employee, fiduciary, or agent who is not a director to a greater extent if:

(3)(a) not inconsistent with public policy; and

(3)(b) provided for by:

(3)(b)(i) its articles of incorporation or bylaws;

(3)(b)(ii) general or specific action

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Unless a nonprofit corporation's articles of incorporation provide otherwise:
(1) to the same extent as a director, an officer of the nonprofit corporation is entitled to:

(1)(a) mandatory indemnification under Section 16-6a-903; and
(1)(b) apply for court-ordered indemnification under Section 16-6a-905;
(2) a nonprofit corporation may indemnify and advance expenses to an officer, employee, fiduciary, or agent of the nonprofit corporation to the same extent as to a director; and
(3) a nonprofit corporation may indemnify and advance expenses to an officer, employee, fiduciary, or agent who is not a director to a greater extent if:

(3)(a) not inconsistent with public policy; and
(3)(b) provided for by:
(3)(b)(i) its articles of incorporation or bylaws;
(3)(b)(ii) general or specific action of its board of directors; or
(3)(b)(iii) contract.

Utah § 16-6a-907 (Indemnification of officers, employees, fiduciaries, and agents.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.