{"data":{"id":"us-ia/iowa-code-490.857","jurisdiction":"us-ia","citation":"Iowa Code § 490.857","heading":"Insurance.","body":"A corporation may purchase and maintain insurance on behalf of an individual who is a director or officer of the corporation, or who, while a director or officer of the corporation, serves at the corporation’s request as a director, officer, partner, trustee, employee, or agent of another domestic or foreign corporation, or a joint venture, trust, employee benefit plan, or other entity, against liability asserted against or incurred by the individual in that capacity or arising from the individual’s status as a director or officer, regardless of whether the corporation would have power to indemnify or advance expenses to the individual against the same liability under this part.","path":["Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)","Chapter 490 - BUSINESS CORPORATIONS","Subchapter VIII - DIRECTORS AND OFFICERS","Part 5 - INDEMNIFICATION AND ADVANCE FOR EXPENSES"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/490.857.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:12Z","sha256":"218465f5f08fd443603b1e45cb522f03415f2295b217bec9a894136abe68be2a","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-490.856","next":"us-ia/iowa-code-490.858"},"notice":"GroundRules: Original legal text. Not legal advice."}