Section 487.13906 – Director, Officer, Employee, or Agent as Party to Action; Reimbursement.
487.13906 Director, officer, employee, or agent as party to action; reimbursement. Sec. 3906. A bank may pay or reimburse the reasonable expenses incurred by a director, officer, employee, or agent who is a party or threatened to be made a party to an action, suit, or proceeding described in section 3904 in advance of the […]
Section 487.13907 – Other Rights to Indemnification or Advancement; Limitation.
487.13907 Other rights to indemnification or advancement; limitation. Sec. 3907. The indemnification or advancement of expenses provided by or granted under sections 3904, 3905, and 3906 are not exclusive of other rights to which a person seeking indemnification or advancement of expenses may be entitled under the articles of incorporation, the bylaws, or a contractual […]
Section 487.13908 – Liability Insurance or Trust Fund.
487.13908 Liability insurance or trust fund. Sec. 3908. A bank has the power to purchase and maintain insurance or create a trust fund or other form of funded arrangement on behalf of any person who is or was a director, officer, employee, or agent of the bank or is or was serving at the request […]