{"data":{"id":"us-mt/35-14-856","jurisdiction":"us-mt","citation":"35-14-856","heading":"Indemnification of officers.","body":"(1) A corporation may indemnify and advance expenses under 35-14-850 through 35-14-859 to an officer who is a party to a proceeding because the person is an officer:\n(a) to the same extent as a director; and\n(b) if the person is an officer but not a director, to any further extent provided by the articles of incorporation or the bylaws or by a resolution adopted or a contract approved by the board of directors or shareholders, except for:\n(i) liability in connection with a proceeding by or in the right of the corporation other than for expenses incurred in connection with the proceeding; or\n(ii) liability arising out of conduct that constitutes:\n(A) receipt by the officer of a financial benefit to which the officer is not entitled;\n(B) an intentional infliction of harm on the corporation or the shareholders; or\n(C) an intentional violation of criminal law.\n(2) Subsection (1)(b) applies to an officer who is also a director if the officer is made a party to the proceeding based on an act or omission solely as an officer.\n(3) An officer who is not a director is entitled to mandatory indemnification under 35-14-852 and may apply to a court under 35-14-854 for indemnification or an advance for expenses, in each case to the same extent to which a director may be entitled to indemnification or advance for expenses under those sections.","path":["TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS","CHAPTER 14. MONTANA BUSINESS CORPORATION ACT","Part 8. Directors and Officers"],"source_url":"https://mca.legmt.gov/bills/mca/title_0350/chapter_0140/part_0080/section_0560/0350-0140-0080-0560.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:53:28Z","sha256":"c481f83003ef86bdebc88b5f6eb6a5a37679a086f19253210d4d9be9bd7ec4e5","source_id":"us-mt","stale":false,"prev":"us-mt/35-14-855","next":"us-mt/35-14-857"},"notice":"GroundRules: Original legal text. Not legal advice."}