Sinclair on Warranties and Indemnities on Share and Asset

Categories Corporate Law

Format: Hardcover

Language: English

Format: PDF / Kindle / ePub

Size: 11.80 MB

Downloadable formats: PDF

A corporation may create a fund of any nature, which may, but need not be, under the control of a trustee, or otherwise secure or insure in any manner its indemnification obligations, whether arising under or pursuant to this section or otherwise. (b) When indemnification is not to be made.--Indemnification pursuant to subsection (a) shall not be made in any case where the act or failure to act giving rise to the claim for indemnification is determined by a court to have constituted willful misconduct or recklessness.

Pages: 373

Publisher: Sweet & Maxwell; 5th edition (October 4, 2001)

ISBN: 0421706805

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