Arkansas Code Title 4, Subtitle 3, Chapter 33, Subchapter 8, Part E - Indemnification
- § 4-33-850 - Part Definitions.
In this part: (1) "Corporation" includes any domestic or foreign predecessor entity of a corporation in a merger or other transaction in which the...
- § 4-33-851 - Authority to Indemnify.
(a) Except as provided in subsection (d) of this section, a corporation may indemnify an individual made a party to a proceeding because the...
- § 4-33-852 - Mandatory Indemnification.
Unless limited by its articles of incorporation, a corporation shall indemnify a director who was wholly successful, on the merits or otherwise, in the...
- § 4-33-853 - Advance for Expenses.
(a) A corporation may pay for or reimburse the reasonable expenses incurred by a director who is a party to a proceeding in advance...
- § 4-33-854 - Court-Ordered Indemnification.
Unless limited by a corporation's articles of incorporation, a director of the corporation who is a party to a proceeding may apply for indemnification...
- § 4-33-855 - Determination and Authorization of Indemnification.
(a) A corporation may not indemnify a director under ยง 4-33-851 unless authorized in the specific case after a determination has been made that...
- § 4-33-856 - Indemnification of Officers, Employees and Agents.
Unless limited by a corporation's articles of incorporation: (1) an officer of the corporation who is not a director is entitled to mandatory indemnification...
- § 4-33-857 - 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...
- § 4-33-858 - Application of Part.
(a) A provision treating a corporation's indemnification of or advance for expenses to directors that is contained in its articles of incorporation, bylaws, a...
Last modified: November 15, 2016