[§414-248]  Insurance.  A corporationmay purchase and maintain insurance on behalf of an individual who is adirector or officer of the corporation, or who, while a director or officer ofthe corporation, serves at the corporation's request as a director, officer,partner, trustee, employee, or agent of another domestic or foreigncorporation, partnership, joint venture, trust, employee benefit plan, or otherentity, against liability asserted against or incurred by the director orofficer in that capacity or arising from the director's or officer's status asa director or officer, whether or not the corporation would have power toindemnify or advance expenses to the director or officer against the sameliability under this subpart. [L 2000, c 244, pt of §1]