Arizona Laws 3-468.07. Indemnification of council members
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Each member of the council is indemnified by the council against reasonable costs and expenses, including attorney fees, incurred by him in connection with any action, suit or proceedings to which he may be a party by reason of his being or having been a member of the council, except in relation to matters as to which he is adjudged in such action, suit or proceeding to have acted in bad faith as a council member. The right of indemnification is in addition to other rights to which the member is entitled as a matter of law.
Terms Used In Arizona Laws 3-468.07
- Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
- Council: means the Arizona citrus research council. See Arizona Laws 3-468
- including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC