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 the corporation's articles of incorporation, bylaws, general or specific action of the corporation's board of directors, or contract.
As added by P.L.14-1992, SEC.163.
Structure Indiana Code
Title 28. Financial Institutions
Article 13. Corporate Governance
Chapter 13. Indemnification of Directors
28-13-13-1. "Corporation" Defined
28-13-13-2. "Director" Defined; Scope of Term
28-13-13-3. "Expenses" Defined
28-13-13-4. "Liability" Defined
28-13-13-5. "Official Capacity" Defined; Scope of Term
28-13-13-7. "Proceeding" Defined
28-13-13-8. Conditional Indemnification of Director Against Liability
28-13-13-9. Mandatory Indemnification of Director for Expenses of Successful Defense of Proceeding
28-13-13-10. Advancement of Expenses Before Final Disposition of Proceeding; Conditions; Procedure
28-13-13-11. Court Ordered Indemnification; Determination
28-13-13-12. Standards for Conditional Determinations and Authorizations; Procedure
28-13-13-13. Indemnification of Corporate Officers and Employees Other Than Directors
28-13-13-14. Liability Insurance Purchased and Maintained by Corporation