§414-250 - Nonexclusivity of subpart.
[§414-250] Nonexclusivity of subpart. (a) The indemnification provided by this subpart shall not be deemed exclusiveof any other rights to which those indemnified may be entitled under any bylaw,agreement, vote of shareholders, or disinterested directors or otherwise, bothas to action in a person's official capacity and as to action in anothercapacity while holding the office, and shall continue as to a person who hasceased to be an agent and shall inure to the benefit of the heirs and personalrepresentatives of that person.
(b) This subpart does not apply to anyproceeding against any trustee, investment manager, or other fiduciary of anemployee benefit plan in that person's capacity, though the person may also bean agent of the employer corporation. Nothing contained in this section shalllimit any right to indemnification to which a trustee, investment manager, orother fiduciary may be entitled by contract or otherwise. [L 2000, c 244, pt of§1]