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