Alabama Code 10A-5A-4.10. Indemnification, advancement, reimbursement, and insurance
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Alabama Code 10A-5A-4.10
- person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
A limited liability company, or a series thereof, may indemnify and hold harmless a member or other person, pay in advance or reimburse expenses incurred by a member or other person, and purchase and maintain insurance on behalf of a member or other person.