Revised Code of Washington
Chapter 23B.08 - Directors and Officers.
23B.08.580 - Insurance.

RCW 23B.08.580
Insurance.

A corporation may purchase and maintain insurance on behalf of an individual who is or was a director, officer, employee, or agent of the corporation, or who, while a director, officer, employee, or agent of the corporation, is or was serving at the request of the corporation as a director, officer, partner, trustee, employee, or agent of another foreign or domestic corporation, partnership, joint venture, trust, employee benefit plan, or other enterprise, against liability asserted against or incurred by the individual in that capacity or arising from the individual's status as a director, officer, employee, or agent, whether or not the corporation would have power to indemnify the individual against the same liability under RCW 23B.08.510 or 23B.08.520.

[ 1989 c 165 § 113.]

Structure Revised Code of Washington

Revised Code of Washington

Title 23B - Washington Business Corporation Act

Chapter 23B.08 - Directors and Officers.

23B.08.010 - Requirement for and duties of board of directors.

23B.08.020 - Qualifications of directors.

23B.08.030 - Number and election of directors.

23B.08.040 - Election of directors by certain classes or series of shares.

23B.08.050 - Terms of directors—Generally.

23B.08.060 - Staggered terms for directors.

23B.08.070 - Resignation of directors.

23B.08.080 - Removal of directors by shareholders.

23B.08.090 - Removal of directors by judicial proceeding.

23B.08.100 - Vacancy on board of directors.

23B.08.110 - Compensation of directors.

23B.08.120 - Gender-diverse board of directors—Board diversity discussion and analysis—Remedy for failure to comply.

23B.08.200 - Regular or special meetings of the board.

23B.08.210 - Corporate action without meeting.

23B.08.220 - Notice of meeting.

23B.08.230 - Waiver of notice.

23B.08.240 - Quorum and voting.

23B.08.245 - Corporate action—Vote of shareholders.

23B.08.250 - Committees.

23B.08.300 - General standards for directors.

23B.08.310 - Liability for unlawful distributions.

23B.08.320 - Limitation on liability of directors.

23B.08.400 - Officers.

23B.08.410 - Duties of officers.

23B.08.420 - Standards of conduct for officers.

23B.08.430 - Resignation and removal of officers.

23B.08.440 - Contract rights of officers.

23B.08.500 - Indemnification definitions.

23B.08.510 - Authority to indemnify.

23B.08.520 - Mandatory indemnification.

23B.08.530 - Advance for expenses.

23B.08.540 - Court-ordered indemnification.

23B.08.550 - Determination and authorization of indemnification.

23B.08.560 - Shareholder authorized indemnification and advancement of expenses.

23B.08.570 - Indemnification of officers, employees, and agents.

23B.08.580 - Insurance.

23B.08.590 - Validity of indemnification or advance for expenses.

23B.08.600 - Report to shareholders.

23B.08.603 - Indemnification or advance for expenses—Later amendment or repeal of subject provision.

23B.08.700 - Definitions.

23B.08.710 - Judicial action.

23B.08.720 - Directors' action.

23B.08.730 - Shareholders' action.

23B.08.735 - Pursuit of business opportunities—Duty to corporation.

23B.08.900 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.