2006 Kentucky Revised Statutes - .580   Application of KRS 271B.8-500 to 271B.8-580.

271B.8-580 Application of KRS 271B.8-500 to 271B.8-580. (1) The indemnification and advancement of expenses provided by, or granted pursuant to, KRS 271B.8-500 to 271B.8-580 shall not be deemed exclusive of any other rights to which those seeking indemnification or advancement of expenses may be entitled under any bylaw, agreement, vote of shareholders or disinterested directors, or otherwise, both as to action in his official capacity and as to action in another capacity while holding such office. (2) KRS 271B.8-500 to 271B.8-580 shall not limit a corporation's power to pay or reimburse expenses incurred by a director in connection with his appearance as a witness at a proceeding at a time when he has not been made a named defendant or responded to the proceeding. Effective: January 1, 1989 History: Created 1988 Ky. Acts ch. 23, sec. 102, effective January 1, 1989.