Indemnification Provisions
Oregon law allows some companies to include an indemnification provision in their articles of incorporation or articles of organization.
Examples
Business Corporation
The Corporation elects to indemnify its Directors, Officers, Employees and Agents for liability and related expenses under
ORS 60.387 to 60.414.
Limited Liability Company
The Company elects to indemnify its Members, Managers, Employees and Agents for liability and related expenses under
ORS 63.160 to 63.170.
Nonprofit Corporation
The Corporation elects to indemnify its Directors, Officers, Employees and Agents for liability and related expenses under
ORS 65.387 to 65.414.