§860. Exclusivity of subchapter
A corporation may provide indemnification or advance expenses to a director or an officer only as permitted by this subchapter. [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]
SECTION HISTORY
PL 2001, c. 640, §A2 (NEW). PL 2001, c. 640, §B7 (AFF).
Structure Maine Revised Statutes
TITLE 13-C: MAINE BUSINESS CORPORATION ACT
Chapter 8: DIRECTORS AND OFFICERS
Subchapter 5: INDEMNIFICATION AND ADVANCE FOR EXPENSES
13-C §852. Permissible indemnification
13-C §853. Mandatory indemnification
13-C §854. Advance for expenses
13-C §855. Court-ordered indemnification; advance for expenses
13-C §856. Determination and authorization of indemnification
13-C §857. Indemnification of officers
13-C §859. Variation by corporate action; application of subchapter