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35 chapters · 1,159 sections in this title.
Ala. Code § 10A-3A-8.54 Court-Ordered Indemnification and Advance for Expenses
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(a) A director who is a party to a proceeding because he or she is a director may apply for indemnification or an advance for expenses to the court conducting the proceeding or to another court of competent jurisdiction. After receipt of an application and after giving any notice…
Ala. Code § 10A-3A-8.55 Determination and Authorization of Indemnification
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(a) A nonprofit corporation may not indemnify a director under Section 10A-3A-8.51 unless authorized for a specific proceeding after a determination has been made that indemnification is permissible because the director has met the relevant standard of conduct set forth in Sectio…
Ala. Code § 10A-3A-8.56 Indemnification of Officers
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(a) A nonprofit corporation may indemnify and advance expenses under this Division E of this Article 8 to an officer who is a party to a proceeding because he or she is an officer: (1) to the same extent as a director; and (2) if he or she is an officer but not a director, to suc…
Ala. Code § 10A-3A-8.57 Insurance
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A nonprofit corporation may purchase and maintain insurance on behalf of an individual who is a director or officer of the nonprofit corporation, or who, while a director or officer of the nonprofit corporation, serves at the nonprofit corporation’s request as a director, officer…