2015 ORS 65.407¹
Indemnification of officers, employees and agents

Unless a corporation’s articles of incorporation provide otherwise:

(1) An officer of the corporation is entitled to mandatory indemnification under ORS 65.394 (Mandatory indemnification), and is entitled to apply for court-ordered indemnification under ORS 65.401 (Court-ordered indemnification) in each case, to the same extent as a director under ORS 65.394 (Mandatory indemnification) and 65.401 (Court-ordered indemnification).

(2) The corporation may indemnify and advance expenses under ORS 65.387 (Definitions for ORS 65.387 to 65.414) to 65.411 (Insurance) an officer, employee or agent of the corporation who is not a director to the same extent as to a director. [1989 c.1010 §104]


1 Legislative Counsel Committee, CHAPTER 65—Nonprofit Corporations, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors065.­html (2015) (last ac­cessed Jul. 16, 2016).
 
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
 
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.