271B.8-570 Insurance.
A corporation may purchase and maintain insurance on behalf of an individual who is or
was a director, officer, employee, or agent of the corporation, or who, while a director,
officer, employee or agent of the corporation, is or was serving at the request of the
corporation as a director, officer, manager, partner, trustee, employee, or agent of another
entity, or of an employee benefit plan or other enterprise, against liability asserted against
or incurred in that capacity or arising from the status as a director, officer, manager,
employee, or agent, whether or not the corporation would have power to indemnify
against the same liability under KRS 271B.8-510 or 271B.8-520.
Effective: July 15, 2010
History: Repealed and reenacted 2010 Ky. Acts ch. 51, sec. 66, effective July 15, 2010.
-- Amended 2007 Ky. Acts ch. 137, sec. 66, effective June 26, 2007. -- Created 1988
Ky. Acts ch. 23, sec. 101, effective January 1, 1989.
Legislative Research Commission Note (7/15/2010). 2010 Ky. Acts ch. 51, sec. 183,
provides, "The specific textual provisions of Sections 1 to 178 of this Act which
reflect amendments made to those sections by 2007 Ky. Acts ch. 137 shall be deemed
effective as of June 26, 2007, and those provisions are hereby made expressly
retroactive to that date, with the remainder of the text of those sections being
unaffected by the provisions of this section."
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.