ORS § 62.466

Current through 2024 Regular Session legislation effective June 6, 2024
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.

ORS 62.466

1995 c.195 §17