Sec. 13. The following apply unless a corporation's articles of incorporation provide otherwise:
(1) An officer of the corporation, whether or not a director, is entitled to mandatory indemnification under section 9 of this chapter and is entitled to 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.
(3) A corporation may also indemnify and advance expenses to an officer, employee, or agent, whether or not a director, to the extent, consistent with public policy, that may be provided by its articles of incorporation, bylaws, general or specific action of its board of directors, or contract.
As added by P.L.266-1987, SEC.6.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 7.5. Indemnification of Directors
27-1-7.5-1. "Corporation" Defined
27-1-7.5-2. "Director" Defined
27-1-7.5-3. "Expenses" Defined
27-1-7.5-4. "Liability" Defined
27-1-7.5-5. "Official Capacity" Defined
27-1-7.5-7. "Proceeding" Defined
27-1-7.5-8. Conditional Indemnification of Director Against Liability
27-1-7.5-9. Mandatory Indemnification of Director for Expenses Incurred in Successful Defense
27-1-7.5-10. Advancement of Expenses Before Final Disposition; Conditions
27-1-7.5-11. Court Ordered Indemnification; Determination
27-1-7.5-13. Indemnification of Corporate Employees Other Than Directors
27-1-7.5-14. Liability Insurance Purchased and Maintained by Corporation