2012 Utah Code
Title 16 - Corporations
Article 6a - Utah Revised Nonprofit Corporation Act
Section 907 - Indemnification of officers, employees, fiduciaries, and agents.


UT Code § 16-6a-907 (2012) What's This?

16-6a-907. Indemnification of officers, employees, fiduciaries, and agents.

Unless a nonprofit corporation's articles of incorporation provide otherwise:

(1) to the same extent as a director, an officer of the nonprofit corporation is entitled to:

(a) mandatory indemnification under Section 16-6a-903; and

(b) apply for court-ordered indemnification under Section 16-6a-905;

(2) a nonprofit corporation may indemnify and advance expenses to an officer, employee, fiduciary, or agent of the nonprofit corporation to the same extent as to a director; and

(3) a nonprofit corporation may indemnify and advance expenses to an officer, employee, fiduciary, or agent who is not a director to a greater extent if:

(a) not inconsistent with public policy; and

(b) provided for by:

(i) its articles of incorporation or bylaws;

(ii) general or specific action of its board of directors; or

(iii) contract.


Amended by Chapter 197, 2002 General Session

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