REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) An officer of a corporation who is not a director is entitled to mandatory indemnification under Section 10A-2-8.52, and is entitled to apply for court-ordered indemnification under Section 10A-2-8.54, in each case to the same extent as a director.
(b) A corporation may indemnify and may advance expenses under this division to an officer, employee, or agent of the corporation who is not a director to the same extent as to a director.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 2 - Business Corporations.
Article 8 - Directors and Officers.
Section 10A-2-8.50 - Definitions.
Section 10A-2-8.51 - Authority to Indemnify.
Section 10A-2-8.52 - Mandatory Indemnification.
Section 10A-2-8.53 - Advance for Expenses.
Section 10A-2-8.54 - Court-Ordered Indemnification.
Section 10A-2-8.55 - Determination and Authorization of Indemnification.
Section 10A-2-8.56 - Indemnification of Officers, Employees, and Agents.
Section 10A-2-8.57 - Insurance.
Section 10A-2-8.58 - Application of Indemnification Provisions.