§ 17-16-850 — Subarticle definitions

(a) In this subarticle:
(i) "Corporation" includes any domestic or foreign
predecessor entity of a corporation in a merger;
(ii) "Director" or "officer" means an individual who
is or was a director or officer, respectively, of a corporation
or who, while a director or officer of the corporation, is or
was serving at the corporation's request as a director, officer,
manager, partner, trustee, employee or agent of another entity
or employee benefit plan. A director or officer is considered
to be serving an employee benefit plan at the corporation's
request if the individual's duties to the corporation also
impose duties on, or otherwise involve services by, the
individual to the plan or to participants in or beneficiaries of
the plan. "Director" or "officer" includes, unless the context
requires otherwise, the estate or personal representative of a
director or officer;
(iii) "Liability" means the obligation to pay a
judgment, settlement, penalty, fine (including an excise tax
assessed with respect to an employee benefit plan), or
reasonable expenses incurred with respect to a proceeding.