RES 361 Draft 01 2020-2022 - Laserfiche WebLink

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ExPenses incurred in defending a civil or crim.i3r l action,suit,.car proceedimi g.may be paid by the corporation in advance of the final dlspasitiarf of such a tzon,suit, or proceeding as authorized by the Board ofDirectors itz a particular case upon receipt or an undertaking by or on-behalf of the director, officer,employe, or agent to repay such amount unless it shall ultunately be determined.thaf he or She,is entitled to be indemnified by the corporation as authofized in this Article, M .The indemnification provided by this Article shall not be.deemed exclusive of any other rights to which those indeifraified may be entitled,shall continue as to a person who has ceased to bea director, officer, employe, or agent, and shall inure to the benefit of the heirs,executors, adIninis}raiars,axed personal rep3 esezitatives of such person. W The corporation znay purchAse and maintain am=-Atce-an.behalf of any Personw o is of was a director, ojicer, drhployee' of agent oft�e ccirparatian or any division of the corporation against any liability asserted against or inc,xrred by hirn or her in y such capacity or arising out of his or her status,as such,whether or"not'the corporation would have the power to indemnify him or her against such liability under the r provisions of this Article; Any such insurance tnay be procured from any insurance company designated by the Board. ARTICLE VIII INSPECTION OF CORPORATE RECORDS AND BY-LAWS SECTION 8.1. Irrsr3ectian of Corporate Recon3s. The corporation shall keep a copy of the following records at its principal ofrice.