Oregon Code § 60.394·Enacted ·Last updated March 01, 2026
Statute Text
Mandatory indemnification.
Unless limited by its articles of incorporation, a corporation shall indemnify
a director who was wholly successful, on the merits or otherwise, in the
defense of any proceeding to which the director was a party because of being a
director of the corporation against reasonable expenses incurred by the
director in connection with the proceeding. [1987 c.52 §96]
Plain English Explanation
This Oregon statute addresses Mandatory indemnification. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 60.394
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Mandatory indemnification. Read the full statute text above for details.
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