Oregon Revised Statutes Chapter 62 § 62.476 — Indemnification of officers, employees and agents
Oregon Revised Statutes Chapter 62 ·
Oregon Code § 62.476·Enacted ·Last updated March 01, 2026
Statute Text
Indemnification of officers, employees and agents.
Unless a cooperatives articles of
incorporation provide otherwise:
(1) An officer of
the cooperative is entitled to mandatory indemnification under ORS 62.466, and
is entitled to apply for court-ordered indemnification under ORS 62.472, in
each case to the same extent as a director under ORS 62.466 or 62.472.
(2) The
cooperative may indemnify and advance expenses under ORS 62.462 to 62.482 to an
officer, employee or agent of the cooperative to the same extent as to a
director. [1995 c.195 §21]
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 § 62.476
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.
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The formal citation is Oregon Code § 62.476. Use this format in legal documents and court filings.
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