Unless a corporation’s articles of incorporation provide otherwise:
(1) An officer of the corporation is entitled to mandatory indemnification under ORS 65.394, and is entitled to apply for court-ordered indemnification under ORS 65.401 in each case, to the same extent as a director under ORS 65.394 and 65.401.
(2) The corporation may indemnify and advance expenses under ORS 65.387 to 65.411 an officer, employee or agent of the corporation who is not a director to the same extent as to a director. [1989 c.1010 §104]
Section: Previous 65.384 65.387 65.391 65.394 65.397 65.401 65.404 65.407 65.411 65.414 65.431 65.434 65.437 65.441 65.447 NextLast modified: August 7, 2008