Section 17-16-850 - Subarticle Definitions

17-16-850. Subarticle definitions. (a) In this subarticle: (i) 'Corporation' includes any domestic or foreign predecessor entity of a corporation in a merger; (ii) 'Director' or 'officer' means an individual who is or was a director or officer, respectively, of a corporation or who, while a director or officer of the corporation, is or was serving at the corporation's request as a director, officer, manager, partner, trustee, employee or agent of another entity or employee benefit plan. A director or officer is considered to be serving an employee benefit plan at the corporation's request if the individual's duties to the corporation also impose duties on, or otherwise involve services by, the individual to the plan or to participants in or beneficiaries of the plan. 'Director' or 'officer' includes, unless the context requires otherwise, the estate or personal representative of a director or officer; (iii) 'Liability' means the obligation to pay a judgment, settlement, penalty, fine (including an excise tax assessed with respect to an employee benefit plan), or reasonable expenses incurred with respect to a proceeding.

17-16-850. Subarticle definitions. (a) In this subarticle: (i) 'Corporation' includes any domestic or foreign predecessor entity of a corporation in a merger; (ii) 'Director' or 'officer' means an individual who is or was a director or officer, respectively, of a corporation or who, while a director or officer of the corporation, is or was serving at the corporation's request as a director, officer, manager, partner, trustee, employee or agent of another entity or employee benefit plan. A director or officer is considered to be serving an employee benefit plan at the corporation's request if the individual's duties to the corporation also impose duties on, or otherwise involve services by, the individual to the plan or to participants in or beneficiaries of the plan. 'Director' or 'officer' includes, unless the context requires otherwise, the estate or personal representative of a director or officer; (iii) 'Liability' means the obligation to pay a judgment, settlement, penalty, fine (including an excise tax assessed with respect to an employee benefit plan), or reasonable expenses incurred with respect to a proceeding.