{"data":{"id":"us-va/va.-code-13.1-703","jurisdiction":"us-va","citation":"Va. Code § 13.1-703","heading":"Insurance","body":"A corporation may purchase and maintain insurance on behalf of an individual who is or was a director or officer of the corporation, or who, while a director or officer of the corporation, is or was serving at the request of the corporation as a director, officer, partner, trustee, employee, or agent of another 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 article.Code 1950, § 13.1-3.1; 1968, c. 570; 1975, c. 500; 1979, c. 99; 1985, c. 522; 2005, c. 765; 2019, c. 734.","path":["Title 13.1. Corporations","Chapter 9. Virginia Stock Corporation Act","Article 10. Indemnification"],"source_url":"https://law.lis.virginia.gov/vacode/13.1-703/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:14:14Z","sha256":"a8d1b570b736f0c1ce0415b34ce3e8a232206cace56a643833914fa98b11ccf4","source_id":"us-va","stale":true,"prev":"us-va/va.-code-13.1-702","next":"us-va/va.-code-13.1-704"},"notice":"GroundRules: Original legal text. Not legal advice."}