Nevada Revised Statutes Section 82.541 - Business Associations - Securities - Commodities

Directors, officers, employees and agents: Indemnification; insurance against liability.

1. A corporation governed by this chapter may indemnify any person against expenses as provided in NRS 78.751. For the purposes of this section, the word “stockholders” in NRS 78.751 is equivalent to the word “members.”

2. A corporation governed by this chapter may purchase and maintain insurance or make other financial arrangements on behalf of any person for any liability asserted against him as provided in NRS 78.752.

Last modified: February 26, 2006