ORS 707.748: Mandatory indemnification.
Where this section sits in the code
- 18 - Financial Institutions, Insurance
- 53. Financial Institutions
- Chapter 707 — Organization to Conduct Banking Business; Stockholders, Directors and Officers
Unless limited by its articles of incorporation, a banking institution 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 banking institution against reasonable expenses incurred by the director in connection with the proceeding.
Collected 2026-09-03T23:50:17Z. Source file · JSON