§ 1.7.5.6 PERMISSIVE

• Jurisdiction: Arizona

§ 1.7.5.6 PermissiveIndemnification of Officers. With regard to corporate officers, A.R.S. § 10-856 provides that a corporation may indemnify and advance expenses to an officer who is "a party to a proceeding because the individual is or was an officer of the corporation" to the same extent as a director, or, if the person is an officer but not a director, to the further extent as may be provided by the articles of incorporation or bylaws of the corporation, a resolution of its board of directors, or by...