Statutes, codes, and regulations
Oregon Revised Statutes
Title 53 - FINANCIAL INSTITUTIONSChapter 707 - ORGANIZATION TO CONDUCT BANKING BUSINESS; STOCKHOLDERS, DIRECTORS AND OFFICERSSTOCKHOLDERS, DIRECTORS AND OFFICERS
INDEMNIFICATION OF DIRECTORS, OFFICERS, EMPLOYEES AND AGENTS
Section 707.758 - Indemnification of officers, employees and agents

ORS § 707.758

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Current through 2024 Regular Session legislation effective June 6, 2024
Section 707.758 - Indemnification of officers, employees and agents

Unless a banking institution's articles of incorporation provide otherwise:

(1) An officer of the banking institution is entitled to mandatory indemnification under ORS 707.748 and is entitled to apply for court-ordered indemnification under ORS 707.754, in each case to the same extent as a director under ORS 707.748 and 707.754.
(2) The banking institution may indemnify and advance expenses under ORS 707.744 to 707.762 to an officer, employee or agent of the banking institution to the same extent as to a director.

ORS 707.758

1989 c.324 §23; 1997 c.631 §112