A corporation may provide indemnification or advance expenses to a director or an officer only as permitted by this Division E.
Ala. Code § 10A-2A-8.59
Exclusivity of Division.
Known as the Alabama Business and Nonprofit Entity Code
The act spans §§ 10A-1-1.01 to 10A-9A-9.09 (1,341 sections).
(Act 2019-94, §1; Act 2021-299, §3; Act 2023-503, §3.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.