Unless a corporation's articles of incorporation provide otherwise:(1) an officer of the corporation, whether or not a director, is entitled to:(A) mandatory indemnification under section 9 of this chapter; and(B) apply for court ordered indemnification under section 11 of this chapter in each case;to the same extent as a director;(2) the corporation may indemnify and advance expenses under this chapter to an officer, employee, or agent of the corporation, whether or not a director, to the same extent as to a director; and(3) a corporation may indemnify and advance expenses to an officer, employee, or agent, whether or not a director, to the extent and consistent with public policy that may be provided by articles of incorporation, bylaws, general or specific action of the corporation's board of directors, or contract.As added by P.L.179-1991, SEC.1.
Indiana Legal Code