Kansas Approval of Indemnification Agreements with article amendment and amendment to bylaws
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FAQ
Technically, no. Kansas state law does not require your board of directors to sign your bylaws. However, having your board sign your bylaws is common practice and makes your bylaws look more official.
Indemnification & Volunteer Protection ? Most nonprofit bylaws include indemnification provisions ? language that expresses the intent of the nonprofit to cover the expenses a board member might incur in defending an action and paying settlements or judgments related to his service on the board.
?To indemnify? means to compensate someone for his/her harm or loss. In most contracts, an indemnification clause serves to compensate a party for harm or loss arising in connection with the other party's actions or failure to act. The intent is to shift liability away from one party, and on to the indemnifying party.
Indemnification is a way to provide limited liability protection to the people whose role is to manage, operate or oversee a company.