§ 13.1-881. Indemnification of officers
Unless limited by a corporation's articles of incorporation:
1. An officer of the corporation is entitled to mandatory indemnification under § 13.1-877, and is entitled to apply for court-ordered indemnification under § 13.1-879.1, in each case to the same extent as a director; and
2. The corporation may indemnify and advance expenses under this article to an officer of the corporation to the same extent as to a director.
(Code 1950, § 13.1-205.1; 1968, c. 689; 1975, c. 500; 1981, c. 57; 1985, c. 522; 2007, c. 925.)
Sections: Previous 13.1-875 13.1-876 13.1-877 13.1-878 13.1-879 13.1-879.1 13.1-880 13.1-881 13.1-882 13.1-883 13.1-884 13.1-885 13.1-886 13.1-887 13.1-887.1 NextLast modified: April 16, 2009