REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) Any indemnification, or advance for expenses, authorized under this division shall not be deemed exclusive of and shall be in addition to that which may be contained in a corporation's articles of incorporation, bylaws, a resolution of its shareholders or board of directors, or in a contract or otherwise.
(b) This division does not limit a corporation's power to pay or reimburse expenses incurred by a director in connection with the director's appearance as a witness in a proceeding at a time when he or she has not been made a named defendant or respondent to the proceeding.
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.