2020 Nebraska Revised Statutes
Chapter 21 - Corporations and Other Companies
21-19,102 Indemnification of officers, employees, and agents.
21-19,102. Indemnification of officers, employees, and agents.
Unless limited by a corporation's articles of incorporation:
(1) An officer of a corporation who is not a director is entitled to mandatory indemnification under section 21-1998, and is entitled to apply for court-ordered indemnification under section 21-19,100 in each case, to the same extent as a director;
(2) The corporation may indemnify and advance expenses under sections 21-1996 to 21-19,104 to an officer, employee, or agent of the corporation who is not a director to the same extent as to a director; and
(3) A corporation may also indemnify and advance expenses to an officer, employee, or agent who is not a director to the extent, consistent with public policy, that may be provided by its articles of incorporation, bylaws, general or specific action of its board of directors, or contract.
Source
- Laws 1996, LB 681, ยง 102.
