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2009 Kentucky Revised Statutes
Subtitle 8 Directors and Officers
271B.8.560 Indemnification of officers, employees, and agents.

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271B.8-560 Indemnification of officers, employees, and agents. Unless a corporation's articles of incorporation provide otherwise: <br>(1) An officer of the corporation who is not a director shall be entitled to mandatory indemnification under KRS 271B.8-520, and is entitled to apply for court-ordered <br>indemnification under KRS 271B.8-540, in each case to the same extent as a <br>director; (2) The corporation may indemnify and advance expenses under KRS 271B.8-500 to 271B.8-580 to an officer, employee, or agent of the corporation who is not a <br>director to the same extent as to a director; and (3) A corporation may also indemnify and advance expenses to an officer, employee, or agent who is not a director to the extent, consistent with public policy, that may be <br>provided by its articles of incorporation, bylaws, general or specific action of its <br>board of directors, or contract. Effective: January 1, 1989 <br>History: Created 1988 Ky. Acts ch. 23, sec. 100, effective January 1, 1989. <br>

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