ORS 62.466: Mandatory indemnification of director.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
Unless limited by its articles of incorporation, a cooperative shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the director was a party because of being a director of the cooperative against reasonable expenses incurred by the director in connection with the proceeding. [1995 c.195 §17]
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Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors062.html