Current through the 2024 Fourth Special Session
Section 16-6a-907 - Indemnification of officers, employees, fiduciaries, and agentsUnless a nonprofit corporation's articles of incorporation provide otherwise:
(1) to the same extent as a director, an officer of the nonprofit corporation is entitled to: (a) mandatory indemnification under Section 16-6a-903; and(b) apply for court-ordered indemnification under Section 16-6a-905;(2) a nonprofit corporation may indemnify and advance expenses to an officer, employee, fiduciary, or agent of the nonprofit corporation to the same extent as to a director; and(3) a nonprofit corporation may indemnify and advance expenses to an officer, employee, fiduciary, or agent who is not a director to a greater extent if: (a) not inconsistent with public policy; and(b) provided for by: (i) its articles of incorporation or bylaws;(ii) general or specific action of its board of directors; orAmended by Chapter 197, 2002 General Session.