Arizona Arizona Revised Statutes

§ 10-851 — Authority to indemnify

ARS § 10-851Title 10. Corporations and Associations · Ch. 8. DIRECTORS AND OFFICERS · Art. 5. Indemnification

Statute text

10-851. Authority to indemnify A. Except as provided in subsection D of this section and in section 10-854, a corporation may indemnify an individual made a party to a proceeding because either: 1. The individual is or was a director against liability incurred in the proceeding if all of the following conditions exist:

(a)The individual's conduct was in good faith.

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