Unless limited by its articles of incorporation, a banking institution 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 banking institution against reasonable expenses incurred by the director in connection with the proceeding.
ORS 707.748
Applied in 1 court decision — leading case 144 F. Supp. 3d 1198 - Heine v. Bank of Oswego (2015)
Most recently applied in 144 F. Supp. 3d 1198 - Heine v. Bank of Oswego (November 2015)
1989 c.324 §19; 1997 c.631 §108
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.