Indemnification, advancement, reimbursement, and insurance

Ohio Rev. Code Ann. § 1706.32, under Chapter 1706 | Ohio Revised Limited Liability Company Act.

Ohio Rev. Code Ann. § 1706.32

A limited liability company, or a series thereof, may indemnify and hold harmless a member or other person, pay in advance or reimburse expenses incurred by a member or other person, and purchase and maintain insurance on behalf of a member or other person.