(Effective until January 1, 2027) Indemnification of officers

Va. Code Ann. § 13.1-881, under Chapter 10. Virginia Nonstock Corporation Act..

Va. Code Ann. § 13.1-881

Unless limited by a corporation's articles of incorporation:

1. An officer of the corporation is entitled to mandatory indemnification under § 13.1-877, and is entitled to apply for court-ordered indemnification under § 13.1-879.1, in each case to the same extent as a director; and

2. The corporation may indemnify and advance expenses under this article to an officer of the corporation to the same extent as to a director.