State Codes and Statutes
Statutes > Virginia > Title-13-1 > Chapter-9 > 13-1-702§ 13.1-702. Indemnification of officers.
Unless limited by a corporation's articles of incorporation:
1. An officer of the corporation is entitled to mandatory indemnificationunder § 13.1-698, and is entitled to apply for court-ordered indemnificationunder § 13.1-700.1, in each case to the same extent as a director; and
2. The corporation may indemnify and advance expenses under this article toan officer of the corporation to the same extent as to a director.
(Code 1950, § 13.1-3.1; 1968, c. 570; 1975, c. 500; 1979, c. 99; 1985, c.522; 2005, c. 765.)
