Ala. Code § 10A-5A-4.10

Current through the 2024 Regular Session.

Section 10A-5A-4.10 - Indemnification, advancement, reimbursement, and insurance

A limited liability company, or a series thereof, may indemnify and hold harmless a member or other person, pay in advance or reimburse expenses incurred by a member or other person, and purchase and maintain insurance on behalf of a member or other person.

Ala. Code § 10A-5A-4.10 (1975)

Added by Act 2014-144,§ 1, eff. 1/1/2015.