{"data":{"id":"us-or/ors-707.748","jurisdiction":"us-or","citation":"ORS 707.748","heading":"Mandatory indemnification.","body":"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.","path":["18 - Financial Institutions, Insurance","53. Financial Institutions","Chapter 707 — Organization to Conduct Banking Business; Stockholders, Directors and Officers"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors707.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:17Z","sha256":"f0c093ab2dfda62fd4794a15030ddf7dc2d627813e2e8260b923fc159f416686","source_id":"us-or","stale":false,"prev":"us-or/ors-707.746","next":"us-or/ors-707.749"},"notice":"GroundRules: Original legal text. Not legal advice."}