Or. Rev. Stat. § 65.407
Indemnification of officers, employees and agents
Oregon · Oregon Revised Statutes Chapter 65 — Nonprofit Corporations · Status: effective
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- Citation
- Or. Rev. Stat. § 65.407, Indemnification of officers, employees and agents, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2453822
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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 ORS 65.394, and is entitled to apply for court-ordered indemnification under ORS 65.401 in each case, to the same extent as a director under ORS 65.394 and 65.401.
(2) The corporation may indemnify and advance expenses under ORS 65.387 to 65.411 an officer, employee or agent of the corporation who is not a director to the same extent as to a director.