Sec. 1. As used in this chapter, “corporation” includes a corporation organized under or governed by this chapter and a domestic or foreign predecessor entity of a corporation in a merger or other transaction in which the predecessor’s existence ceased upon consummation of the transaction. As added by P.L.179-1991, SEC.1.
Sec. 1. As used in this chapter, “corporation” includes a corporation organized under or governed by this chapter and a domestic or foreign predecessor entity of a corporation in a merger or other transaction in which the predecessor’s existence ceased upon consummation of the transaction. As added by P.L.179-1991, SEC.1.
Sec. 10. (a) A corporation may pay for or reimburse the reasonable expenses incurred by a director who is a party to a proceeding in advance of final disposition of the proceeding if the following occur: (1) The director furnishes the corporation a written affirmation of the director’s good faith belief that the director has […]
Sec. 10. (a) A corporation may pay for or reimburse the reasonable expenses incurred by a director who is a party to a proceeding in advance of final disposition of the proceeding if the following occur: (1) The director furnishes the corporation a written affirmation of the director’s good faith belief that the director has […]
Sec. 11. Unless a corporation’s articles of incorporation provide otherwise, a director of the corporation who is a party to a proceeding may apply for indemnification to the court conducting the proceeding or to another court of competent jurisdiction. On receipt of an application, the court may, after giving any notice the court considers necessary, […]
Sec. 11. Unless a corporation’s articles of incorporation provide otherwise, a director of the corporation who is a party to a proceeding may apply for indemnification to the court conducting the proceeding or to another court of competent jurisdiction. On receipt of an application, the court may, after giving any notice the court considers necessary, […]
Sec. 12. (a) A corporation may not indemnify a director under section 8 of this chapter unless authorized in the specific case after a determination has been made that indemnification of the director is permissible in the circumstances because the director has met the standard of conduct set forth in section 8 of this chapter. […]
Sec. 12. (a) A corporation may not indemnify a director under section 8 of this chapter unless authorized in the specific case after a determination has been made that indemnification of the director is permissible in the circumstances because the director has met the standard of conduct set forth in section 8 of this chapter. […]
Sec. 13. Unless a corporation’s articles of incorporation provide otherwise: (1) an officer of the corporation, whether or not a director, is entitled to: (A) mandatory indemnification under section 9 of this chapter; and (B) apply for court ordered indemnification under section 11 of this chapter in each case; to the same extent as a […]
Sec. 13. Unless a corporation’s articles of incorporation provide otherwise: (1) an officer of the corporation, whether or not a director, is entitled to: (A) mandatory indemnification under section 9 of this chapter; and (B) apply for court ordered indemnification under section 11 of this chapter in each case; to the same extent as a […]
Sec. 14. A corporation may purchase and maintain insurance on behalf of an individual who is or was: (1) a director; (2) an officer; (3) an employee or agent of the corporation; or (4) while a director, an officer, an employee, or an agent of the corporation, is or was serving at the request of […]
Sec. 14. A corporation may purchase and maintain insurance on behalf of an individual who is or was: (1) a director; (2) an officer; (3) an employee or agent of the corporation; or (4) while a director, an officer, an employee, or an agent of the corporation, is or was serving at the request of […]
Sec. 15. (a) The indemnification and advance for expenses provided for or authorized by this chapter does not exclude other rights to indemnification and advance for expenses that a person may have under the following: (1) A corporation’s articles of incorporation or bylaws. (2) A resolution of the board of directors or of the members. […]
Sec. 15. (a) The indemnification and advance for expenses provided for or authorized by this chapter does not exclude other rights to indemnification and advance for expenses that a person may have under the following: (1) A corporation’s articles of incorporation or bylaws. (2) A resolution of the board of directors or of the members. […]
Sec. 2. (a) As used in this chapter, “director” means an individual who is or was a director of a corporation or an individual who, while a director of a corporation, is or was serving at the corporation’s request as a director, an officer, a member, a manager, a partner, a trustee, an employee, or […]
Sec. 2. (a) As used in this chapter, “director” means an individual who is or was a director of a corporation or an individual who, while a director of a corporation, is or was serving at the corporation’s request as a director, an officer, a member, a manager, a partner, a trustee, an employee, or […]
Sec. 3. As used in this chapter, “expenses” includes attorney’s fees. As added by P.L.179-1991, SEC.1.
Sec. 3. As used in this chapter, “expenses” includes attorney’s fees. As added by P.L.179-1991, SEC.1.
Sec. 4. As used in this chapter, “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 actually incurred with respect to a proceeding. As added by P.L.179-1991, SEC.1.
Sec. 4. As used in this chapter, “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 actually incurred with respect to a proceeding. As added by P.L.179-1991, SEC.1.
