Nevada Revised Statutes 82.541 – Directors, officers, employees and agents: Indemnification; insurance against liability
Current as of: 2023 | Check for updates
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1. A corporation governed by this chapter may indemnify any person against expenses as provided in NRS 78.7502 and 78.751. For the purposes of this section, the word ‘stockholders’ in NRS 78.751 is equivalent to the word ‘members.’
Terms Used In Nevada Revised Statutes 82.541
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
2. A corporation governed by this chapter may purchase and maintain insurance or make other financial arrangements on behalf of any person for any liability asserted against the person as provided in NRS 78.752.