16.03.460 Indemnification of Officers, Employees and Agents

Unless limited by a corporation's articles of incorporation:

(a) an officer of the corporation who is not a director is entitled to mandatory indemnification under Section 16.03.450, to the same extent as a director;

(b) the corporation may indemnify and advance expenses under this subchapter to an officer, employee, or agent of the corporation who is not a director to the same extent as to a director; and

(c) a corporation may also indemnify and advance expenses to an officer, employee, or agent who is not a director to the extent, consistent with public policy, that may be provided by its articles of incorporation, bylaws, general or specific action of its board of directors, or contract.