2009 Iowa Code
Title 12 - Business Entities
Subtitle 2 - Business and Professional Corporations and Companies
CHAPTER 490 - BUSINESS CORPORATIONS
490.857 - INSURANCE.

        490.857  INSURANCE.
         A corporation may purchase and maintain insurance on behalf of an
      individual who is a director or officer of the corporation, or who,
      while a director or officer of the corporation, serves at the
      corporation's request as a director, officer, partner, trustee,
      employee, or agent of another domestic or foreign corporation,
      partnership, joint venture, trust, employee benefit plan, or other
      entity, against liability asserted against or incurred by that
      individual in that capacity or arising from the individual's status
      as a director or officer, whether or not the corporation would have
      power to indemnify or advance expenses to that individual against the
      same liability under this part.  

         89 Acts, ch 288, §105; 2002 Acts, ch 1154, §51, 125
         Referred to in § 491.3, 491.16, 497.34, 498.36, 499.59A, 508C.16,
      524.801, 534.605, 534.607