Oregon Revised Statutes Chapter 60 § 60.407 — Indemnification of officers, employees and agents
Oregon Revised Statutes Chapter 60 ·
Oregon Code § 60.407·Enacted ·Last updated March 01, 2026
Statute Text
Indemnification of officers, employees and agents.
Unless a corporations articles of
incorporation provide otherwise:
(1) An officer of
the corporation is entitled to mandatory indemnification under ORS 60.394, and
is entitled to apply for court-ordered indemnification under ORS 60.401, in
each case to the same extent as a director under ORS 60.394 and 60.401.
(2) The
corporation may indemnify and advance expenses under ORS 60.387 to 60.411 to an
officer, employee or agent of the corporation to the same extent as to a
director. [1987 c.52 §100]
Plain English Explanation
This Oregon statute addresses Indemnification of officers, employees and agents. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 60.407
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Indemnification of officers, employees and agents. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 60.407. Use this format in legal documents and court filings.
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