Vermont § 907 Indemnification of officers, employees, and agents

Vermont Statutes

§ 907 — Indemnification of officers, employees, and agents

Vermont § 907

Title 11CTitle 11C: Mutual Benefit Enterprises

Ch. 9Article 009: Indemnification

This text of Vermont § 907 (Indemnification of officers, employees, and agents) is published on Counsel Stack Legal Research, covering Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Vt. Stat. Ann. tit. 11C, § 907 (2026).

Text

Unless an enterprise’s articles of organization limit indemnification of an officer, employee, or agent of the enterprise:

(1)an officer of the enterprise who is not a director is entitled to mandatory indemnification under section 903 of this title and is entitled to apply for court-ordered indemnification under section 905 of this title, in each case to the same extent as a director;

(2)the enterprise may indemnify and advance expenses under this article to an officer, employee, or agent of the enterprise who is not a director to the same extent as a director. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)

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Unless an enterprise’s articles of organization limit indemnification of an officer, employee, or agent of the enterprise:
(1) an officer of the enterprise who is not a director is entitled to mandatory indemnification under section 903 of this title and is entitled to apply for court-ordered indemnification under section 905 of this title, in each case to the same extent as a director;
(2) the enterprise may indemnify and advance expenses under this article to an officer, employee, or agent of the enterprise who is not a director to the same extent as a director. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)