ORS 65.394: Mandatory indemnification.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
Unless limited by its articles of incorporation, a corporation 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 corporation, against reasonable expenses actually incurred by the director in connection with the proceeding. [1989 c.1010 §100; 2005 c.22 §46]
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Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors065.html