Minnesota Statutes 51A.17 – Indemnification of Officers, Directors and Employees
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The indemnification of officers, directors, and employees of associations is governed by section 302A.521.
Terms Used In Minnesota Statutes 51A.17
- 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