GroundRules
← Search the law
Alabama · Through Act 2026-611

Ala. Code § 10A-3A-8.57: Insurance.

Read at publisher ↗
Where this section sits in the code
  1. Title 10A Alabama Business and Nonprofit Entities Code.
  2. Chapter 3A Alabama Nonprofit Corporation Law.
  3. Article 8 Directors and Officers.
  4. Division E Indemnification and Advancement of Expenses.

A nonprofit corporation may purchase and maintain insurance on behalf of an individual who is a director or officer of the nonprofit corporation, or who, while a director or officer of the nonprofit corporation, serves at the nonprofit corporation’s request as a director, officer, partner, trustee, employee, or agent of another corporation or foreign corporation or a joint venture, trust, employee benefit plan, or other entity, against liability asserted against or incurred by the individual in that capacity or arising from the individual’s status as a director or officer, regardless of whether the nonprofit corporation would have power to indemnify or advance expenses to the individual against the same liability under this Division E of this Article 8.

Collected 2026-09-03T14:01:54Z. Source file · JSON

Browse this collection