Indemnification of officers, employees and agents
Unless a cooperative’s articles of incorporation provide otherwise:
(1) An officer of the cooperative is entitled to mandatory indemnification under ORS 62.466 (Mandatory indemnification of director), and is entitled to apply for court-ordered indemnification under ORS 62.472 (Court-ordered indemnification), in each case to the same extent as a director under ORS 62.466 (Mandatory indemnification of director) or 62.472 (Court-ordered indemnification).
(2) The cooperative may indemnify and advance expenses under ORS 62.462 (Definitions for ORS 62.462 to 62.482) to 62.482 (Application of ORS 62.462 to 62.482) to an officer, employee or agent of the cooperative to the same extent as to a director. [1995 c.195 §21]
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information