§412:10-701  Liability insurance for
officers.  A credit union may purchase and maintain insurance on behalf of
any person who is or was a director, officer, employee, or agent of the credit
union, or who is or was serving at the request of the credit union as a
director, officer, employee, or agent of another corporation, partnership,
joint venture, trust or other enterprise against any liability asserted against
such person and incurred by such person in any such capacity or arising out of
such person's status as such, whether or not the credit union would have the
power to indemnify such person against such liability. [L 1993, c 350, pt of
§1]