ORS 62.466: Mandatory indemnification of director.
Where this section sits in the code
- 02 - Business Organizations, Commercial Code
- 7. Corporations and Partnerships
- Chapter 62 — Cooperatives
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.
Collected 2026-09-03T23:50:10Z. Source file · JSON