ORS § 707.748

Current through 2024 Regular Session legislation
Section 707.748 - Mandatory indemnification

Unless limited by its articles of incorporation, a banking institution shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the director was a party because of being a director of the banking institution against reasonable expenses incurred by the director in connection with the proceeding.

ORS 707.748

1989 c.324 §19; 1997 c.631 §108