§412:10-701 Liability insurance for officers. A credit union may purchase and maintain insurance on behalf of any person who is or was a director, officer, employee, or agent of the credit union, or who is or was serving at the request of the credit union as a director, officer, employee, or agent of another corporation, partnership, joint venture, trust or other enterprise against any liability asserted against such person and incurred by such person in any such capacity or arising out of such person's status as such, whether or not the credit union would have the power to indemnify such person against such liability. [L 1993, c 350, pt of §1]
Section: Previous 412-10-501 412-10-502 412-10-503 412-10-600 412-10-601 412-10-602 412-10-700 412-10-701 412-10-702 412-10-703 412-10-704 412-10-800 412-10-801 412-10-802 412-10-803 NextLast modified: October 27, 2016