KRS 271B.8-560: Indemnification of officers, employees, and agents.

Unless a corporation's articles of incorporation provide otherwise:

(1) An officer of the corporation who is not a director shall be entitled to mandatory

indemnification under KRS 271B.8 -520, and is entitled to apply for court -ordered

indemnification unde r KRS 271B.8 -540, in each case to the same extent as a

director;

(2) The corporation may indemnify and advance expenses under KRS 271B.8 -500 to

271B.8-580 to an officer, employee, or agent of the corporation who is not a

director to the same extent as to a director; and

(3) A corporation may also indemnify and advance expenses to an officer, employee, or

agent who is not a director to the extent, consistent with public policy, that may be

provided by its articles of incorporation, bylaws, general or specifi c action of its

board of directors, or contract.