Virginia § 13.1-881 Indemnification of officers

Virginia Statutes

§ 13.1-881 — Indemnification of officers

Virginia § 13.1-881

Title 13.1CORPORATIONS

Ch. 10VIRGINIA NONSTOCK CORPORATION ACT

Art. 9INDEMNIFICATION

This text of Virginia § 13.1-881 (Indemnification of officers) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 13.1-881 (2026).

Text

Unless limited by a corporation's articles of incorporation:

1.An officer of the corporation is entitled to mandatory indemnification under § 13.1-877, and is entitled to apply for court-ordered indemnification under § 13.1-879.1, in each case to the same extent as a director; and

2.The corporation may indemnify and advance expenses under this article to an officer of the corporation to the same extent as to a director.

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Unless limited by a corporation's articles of incorporation:

1. An officer of the corporation is entitled to mandatory indemnification under § 13.1-877, and is entitled to apply for court-ordered indemnification under § 13.1-879.1, in each case to the same extent as a director; and

2. The corporation may indemnify and advance expenses under this article to an officer of the corporation to the same extent as to a director.