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35 chapters · 1,159 sections in this title.
Ala. Code § 10A-3A-8.52 Permitted Mandatory Indemnification
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A nonprofit corporation may provide in its certificate of incorporation or bylaws that the nonprofit corporation shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the director was a party because the direct…
Ala. Code § 10A-3A-8.53 Advance for Expenses
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(a) A nonprofit corporation may, before final disposition of a proceeding, advance funds to pay for or reimburse expenses incurred in connection with the proceeding by an individual who is a party to the proceeding because that individual is a director if the director delivers to…
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…