Choosing the best legal document format can be a have a problem. Of course, there are a lot of web templates available on the Internet, but how will you get the legal type you need? Take advantage of the US Legal Forms website. The services delivers a huge number of web templates, such as the California Indemnification Agreement between corporation and its directors regarding method for determining whether standards for indemnification have been met, that can be used for business and private requirements. Every one of the types are checked by pros and meet up with federal and state needs.
In case you are currently signed up, log in in your profile and click the Download button to obtain the California Indemnification Agreement between corporation and its directors regarding method for determining whether standards for indemnification have been met. Use your profile to appear throughout the legal types you possess bought in the past. Go to the My Forms tab of your own profile and obtain an additional copy from the document you need.
In case you are a whole new end user of US Legal Forms, here are easy instructions that you can stick to:
US Legal Forms will be the greatest catalogue of legal types where you can discover numerous document web templates. Take advantage of the service to down load skillfully-created files that stick to express needs.
Any director sued under this section may file a cross-complaint against the person or persons who are liable to the director as a result of the subrogation provided for in this subdivision or may proceed against them in an independent action. (Amended by Stats.
Under Section 317, subdivision (b), California corporations have the power to indemnify any person who was or is a party or is threatened to be made a party (other than an action by or in the right of the corporation to procure a judgment in its favor) by reason of the fact that the person is or was an agent of the ...
Under Section 317, subdivision (b), California corporations have the power to indemnify any person who was or is a party or is threatened to be made a party (other than an action by or in the right of the corporation to procure a judgment in its favor) by reason of the fact that the person is or was an agent of the ...
An agreement to indemnify a person against an act thereafter to be done, is void, if the act be known by such person at the time of doing it to be unlawful. 2774. An agreement to indemnify a person against an act already done, is valid, even though the act was known to be wrongful, unless it was a felony. 2775.
Section 317 was enacted to encourage capable individuals to act for and in the place of the corporation by affording them indemnification for the expenses of defending against lawsuits to which they are made parties because they are agents of the corporation.
Indemnification is, generally speaking, a reimbursement by a company of its Ds&Os for expenses or losses they have incurred in connection with litigation or other proceedings relating to their service to the company.
CA Corp. Code§ 317(b) states a corporation has the power to indemnify any person who,? ? is or was an agent of the corporation, against expenses, judgments, fines, settlements, and other amounts actually and reasonably incurred in connection with the proceeding if that person acted in good faith.?
(a) A corporation shall not make any loan of money or property to, or guarantee the obligation of, any director or officer of the corporation or of its parent, unless the transaction, or an employee benefit plan authorizing the loans or guaranties after disclosure of the right under such a plan to include officers or ...