2022 Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 5A - Alabama Limited Liability Company Law of 2014.
Article 4 - Relations of Members to Each Other and to the Limited Liability Company.
Section 10A-5A-4.10 - Indemnification, Advancement, Reimbursement, and Insurance.

Universal Citation: AL Code § 10A-5A-4.10 (2022)

Section 10A-5A-4.10

Indemnification, advancement, reimbursement, and insurance.

A limited liability company, or a series thereof, may indemnify and hold harmless a member or other person, pay in advance or reimburse expenses incurred by a member or other person, and purchase and maintain insurance on behalf of a member or other person.

(Act 2014-144, p. 265, §1.)

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