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10 chapters · 848 sections in this title.
O.C.G.A. § 14-3-853 Advance or reimbursement of litigation expenses
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(a) A corporation may, before final disposition of a proceeding, advance funds to pay for or reimburse the reasonable expenses incurred by a director who is a party to a proceeding because the director is a director if the director delivers to the corporation: (1) A written affir…
O.C.G.A. § 14-3-854 Court ordered indemnification and payment of 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 advances of expenses to the court conducting the proceeding or to another court of competent jurisdiction. After receipt of an application, after giving any notice it co…
O.C.G.A. § 14-3-855 Determination of right and authorization for payment of indemnification required
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(a) A corporation may not indemnify a director under Code Section 14-3-851 unless authorized thereunder and a determination has been made for a specific proceeding that indemnification of the director is permissible in the circumstances because the director has met the relevant s…
O.C.G.A. § 14-3-856 Indemnification of officers, employees, and agents
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(a) A corporation may indemnify and advance expenses under this part to an officer of the corporation who is a party to a proceeding because he or she is an officer of the corporation: (1) To the same extent as a director; and (2) If he or she is not a director, to such further e…