Ind. Code § 23-17-16-13

Current through P.L. 171-2024

Section 23-17-16-13 - Indemnification of officers, employees, and agents

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 director;

(2) the corporation may indemnify and advance expenses under this chapter to an officer, employee, or agent of the corporation, whether or not a director, to the same extent as to a director; and

(3) a corporation may indemnify and advance expenses to an officer, employee, or agent, whether or not a director, to the extent and consistent with public policy that may be provided by articles of incorporation, bylaws, general or specific action of the corporation's board of directors, or contract.

IC 23-17-16-13

As added by P.L. 179-1991, SEC.1.