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Nebraska · Through Laws 2026

Neb. Rev. Stat. § 21-19,104: Applicability of sections.

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Where this section sits in the code
  1. Chapter 21 - CORPORATIONS AND OTHER COMPANIES

(a) A provision treating a corporation's indemnification of or advance for expenses to directors that is contained in its articles of incorporation, bylaws, a resolution of its members or board of directors, or in a contract or otherwise, is valid only if and to the extent the provision is consistent with the provisions of sections 21-1996 to 21-19,104. If articles of incorporation limit indemnification or advance for expenses, indemnification and advance for expenses are valid only to the extent consistent with the articles.

(b) Sections 21-1996 to 21-19,104 do not limit a corporation's power to pay or reimburse expenses incurred by a director in connection with appearing as a witness in a proceeding at a time when the director has not been made a named defendant or respondent to the proceeding.

Collected 2026-10-18T05:55:23Z. Source file · JSON

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