Oregon Statutes - Chapter 62 - Cooperatives - Section 62.466 - Mandatory indemnification of director.

Unless limited by its articles of incorporation, a cooperative shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the director was a party because of being a director of the cooperative against reasonable expenses incurred by the director in connection with the proceeding. [1995 c.195 §17]

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Last modified: August 7, 2008