Unless limited by its articles of incorporation, a corporation shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the director was a party because of being a director of the corporation against reasonable expenses incurred by the director in connection with the proceeding.
ORS 60.394
Known as the Oregon Business Corporation Act
The act spans §§ 60–60 (245 sections).
Applied in 2 court decisions — leading case 128 Or. App. 606 - Damerow Ford Co. v. Bradshaw (1994)
Most recently applied in 128 Or. App. 606 - Damerow Ford Co. v. Bradshaw (June 1994)
1987 c.52 §96
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.