Oregon Revised Statutes Chapter 62 § 62.466 — Mandatory indemnification of director
Oregon Revised Statutes Chapter 62 ·
Oregon Code § 62.466·Enacted ·Last updated March 01, 2026
Statute Text
Mandatory indemnification of director.
Unless limited by its articles of incorporation, a cooperative 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 cooperative against reasonable expenses incurred by the
director in connection with the proceeding. [1995 c.195 §17]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 62.466
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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