{"data":{"id":"us-ne/neb.-rev.-stat.-21-2-116","jurisdiction":"us-ne","citation":"Neb. Rev. Stat. § 21-2,116","heading":"Indemnification of officers.","body":"(MBCA 8.56) (a) A corporation may indemnify and advance expenses under sections 21-2,110 to 21-2,119 to an officer of the corporation who is a party to a proceeding because he or she is an officer of the corporation:\n(1) To the same extent as a director; and\n(2) If he or she is an officer but not a director, to such further extent as may be provided by the articles of incorporation, the bylaws, a resolution of the board of directors, or contract 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 he or she 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(b) The provisions of subdivision (a)(2) of this section shall apply to an officer who is also a director if the basis on which he or she is made a party to the proceeding is an act or omission solely as an officer.\n(c) An officer of a corporation who is not a director is entitled to mandatory indemnification under section 21-2,112 and may apply to a court under section 21-2,114 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 such provisions.","path":["Chapter 21 - CORPORATIONS AND OTHER COMPANIES"],"source_url":"https://nebraskalegislature.gov/laws/statutes.php?statute=21-2,116","current_through":"Laws 2026","vintage":"","retrieved_at":"2026-10-18T05:55:23Z","sha256":"89952a0b7cdff7ddf674bf181ea98bf5d2a3211890f442b818d9038a999f93dc","source_id":"us-ne","stale":false,"prev":"us-ne/neb.-rev.-stat.-21-2-115","next":"us-ne/neb.-rev.-stat.-21-2-117"},"notice":"GroundRules: Original legal text. Not legal advice."}