Utah Code § 16-10a-907
Indemnification of officers, employees, fiduciaries, and agents
Utah · Utah Code Title 16 — Business Entities · Status: effective
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- Citation
- Utah Code § 16-10a-907, Indemnification of officers, employees, fiduciaries, and agents, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2328136
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Full text
Unless a corporation's articles of incorporation provide otherwise:
(1) an officer of the corporation is entitled to mandatory indemnification under Section 16-10a-903, and is entitled to apply for court-ordered indemnification under Section 16-10a-905, in each case to the same extent as a director;
(2) the corporation may indemnify and advance expenses to an officer, employee, fiduciary, or agent of the corporation to the same extent as to a director; and
(3) a corporation may also indemnify and advance expenses to an officer, employee, fiduciary, or agent who is not a director to a greater extent, if not inconsistent with public policy, and if provided for by its articles of incorporation, bylaws, general or specific action of its board of directors, or contract.