§ 55A-8-56. Indemnification of officers, employees, and agents.
§55A‑8‑56. Indemnification of officers, employees, and agents.
Unless a corporation'sarticles of incorporation provide otherwise:
(1) An officer of thecorporation is entitled to mandatory indemnification under G.S. 55A‑8‑52,and is entitled to apply for court‑ordered indemnification under G.S. 55A‑8‑54,in each case to the same extent as a director;
(2) The corporation mayindemnify and advance expenses under this Part to an officer, employee, oragent of the corporation to the same extent as to a director; and
(3) A corporation mayalso indemnify and advance expenses to an officer, employee, or agent to theextent, consistent with public policy, that may be provided by its articles ofincorporation, bylaws, general or specific action of its board of directors, orcontract. (1977, c. 236, s. 2; 1993, c. 398, s. 1.)