Or. Rev. Stat. § 62.466
Mandatory indemnification of director
Oregon · Oregon Revised Statutes Chapter 62 — Cooperatives · Status: effective
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- Citation
- Or. Rev. Stat. § 62.466, Mandatory indemnification of director, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2453344
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Full text
Unless limited by its articles of incorporation, a cooperative 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 cooperative against reasonable expenses incurred by the director in connection with the proceeding.