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Section 60.401 - Court-ordered indemnification.

OR Rev Stat § 60.401 (2019) (N/A)
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(1) The director is entitled to mandatory indemnification under ORS 60.394, in which case the court shall also order the corporation to pay the director’s reasonable expenses incurred to obtain court-ordered indemnification; or

(2) The director is fairly and reasonably entitled to indemnification in view of all the relevant circumstances, whether or not the director met the standard of conduct set forth in ORS 60.391 or was adjudged liable as described in ORS 60.391 (4), whether the liability is based on a judgment, settlement or proposed settlement or otherwise. [1987 c.52 §98]

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Section 60.397 - Payment of director’s expenses in connection with proceeding.
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Section 60.404 - Determination and authorization of indemnification.