Section 10A-1-6.31 – Insurance and Other Arrangements.
Section 10A-1-6.31 Insurance and other arrangements. (a) Notwithstanding any other provision of this article, an enterprise may purchase or procure or establish and maintain insurance or another arrangement to indemnify or hold harmless an existing or former governing person, delegate, officer, employee, or agent against any liability: (1) asserted against and incurred by the person […]
Section 10A-1-6.32 – Reports of Indemnification and Advances.
Section 10A-1-6.32 Reports of indemnification and advances. (a) An enterprise shall report in writing to the owners or members of the enterprise an indemnification of or advance of expenses to a governing person. (b) Subject to subsection (c), the report must be made with or before the notice or waiver of notice of the next […]