11A V.S.A. § 8.56

Indemnification of officers, employees, and agents

Last amended: 1993Year: 2026Length: 95 wordsOfficial source
Unless a corporation's articles of incorporation limit indemnification of an officer, employee, or agent of the corporation: (1) an officer of the corporation who is not a director is entitled to mandatory indemnification under section 8.52 of this title, and is entitled to apply for court-ordered indemnification under section 8.54 of this title, in each case to the same extent as a director; (2) the corporation may indemnify and advance expenses under this subchapter to an officer, employee, or agent of the corporation who is not a director to the same extent as a director.
11A V.S.A. § 8.56: Indemnification of officers, employees, and agents | Justis AI