Article Index
ASMB By-Laws
Article I. Purpose
Article II. Members
Article III. Council Members
Article IV. Officers
Article V. Committees
Article VI. Waiver of Notice
Article VII. Indemnification of Council Members and Officers
Article VIII. Fiscal Year
Article IX. Amendments
All Pages

 

ARTICLE VII.  Indemnification of Council Members and Officers

Section 1.  Indemnification
Each Council Member or officer now or hereafter serving the corporation and each person who at the request of or on behalf of the corporation is now serving or hereafter serves as a trustee, director or officer of any other corporation, whether for profit, or not for profit, and his or her representative heirs, executors and personal representatives, shall be indemnified by the corporation against expenses actually and necessarily incurred by him or her in connection with the defense of any action, suit proceeding in which s/he is made a party by reason of being or having been such trustee, director or officer to the fullest extent permitted by law and the Articles of Incorporation.

Section 2.  Insurance and Other Indemnification
The Council shall have the power to (i) purchase and maintain, at the Corporation's expense, insurance on behalf of the Corporation and on behalf of others to the extent that power to do so has been or may be granted by statute, and (ii) give other indemnification to the extent permitted by law.