LegalFix
Sign In

Section 907 - Indemnification of officers, employees, fiduciaries, and agents.

UT Code § 16-6a-907 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(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;

(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; or (iii) contract.

(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; or (iii) contract.

(i) its articles of incorporation or bylaws;

(ii) general or specific action of its board of directors; or

(iii) contract.

Previous Section
Section 906 - Determination and authorization of indemnification of directors.
Next Section
Section 908 - Insurance.