11C V.S.A. § 907: Indemnification of officers, employees, and agents

Unless an enterprise’s articles of organization limit indemnification of an officer, employee, or agent of the enterprise:

(1) an officer of the enterprise who is not a director is entitled to mandatory indemnification under section 903 of this title and is entitled to apply for court-ordered indemnification under section 905 of this title, in each case to the same extent as a director;

(2) the enterprise may indemnify and advance expenses under this article to an officer, employee, or agent of the enterprise who is not a director to the same extent as a director.