2006 Code of Virginia § 13.1-881 - Indemnification of officers, employees and agents
13.1-881. Indemnification of officers, employees and agents.
Unless limited by a corporation's articles of incorporation:
1. An officer of the corporation who is not a director is entitled tomandatory indemnification under 13.1-877, and is entitled to apply forcourt-ordered indemnification under 13.1-879.1, in each case to the sameextent as a director; and
2. The corporation may indemnify and advance expenses under this article toan officer, employee, or agent of the corporation who is not a director tothe same extent as to a director.
(Code 1950, 13.1-205.1; 1968, c. 689; 1975, c. 500; 1981, c. 57; 1985, c.522.)
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