CODE OF VIRGINIA

INDEMNIFICATION OF OFFICERS (§ 13.1-881)

Unless limited by a corporation’s articles of incorporation:

   1.  An officer of the corporation is entitled to mandatory indemnification
   under § 13.1-877, and is entitled to apply for court-ordered indemnification
   under § 13.1-879.1, in each case to the same extent as a director; and

   2.  The corporation may indemnify and advance expenses under this article to
   an officer of the corporation to the same extent as to a director.

HISTORY: Code 1950, § 13.1-205.1; 1968, c. 689; 1975, c. 500; 1981, c. 57;
1985, c. 522; 2007, c. 925.