ORS § 65.394

Current through 2024 Regular Session legislation effective April 17, 2024
Section 65.394 - Mandatory indemnification

Unless limited by its articles of incorporation, a corporation 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 corporation, against reasonable expenses actually incurred by the director in connection with the proceeding.

ORS 65.394

1989 c.1010 §100; 2005 c. 22, § 46