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If a catastrophic event occurs, these owners will be looking to past and present board directors who made these decisions, and the association, for indemnification and reimbursement for damages.
If private companies are willing to take a new look at indemnification and take a harder line with their executives, perhaps public companies should, too.
Demands for indemnification don't just come from businesses.
Excluded from this prohibition are out-of-pocket expenses and payments for indemnification.
The couple won, and the president's bid for indemnification through the co-op's insurance policy was denied by the Court of Appeals.
Wynn's articles of incorporation are typical of publicly traded companies by providing for indemnification of legal fees resulting from litigation related to a director's conduct.
In addition, the U.S.-based censor-free Radio Martí continued to broadcast, and U.S. claims and Cuban counterclaims for indemnification remained unsettled.
Paonessa brought a cross action against the Commonwealth for indemnification in the event it should be held liable to Chase.
Under N.H.L. bylaws, a majority vote of the league's 29 other clubs is the criterion for approving a move; Toronto and Buffalo would be able to ask for indemnification fees in exchange for dropping their opposition.
As discussed, the breadth of the representations in the sale agreement will affect not only a seller's potential liability for indemnification claims, but also for fraud claims.
April 24 Lawyers for Walsh, right, and the N.F.L. reached a deal for Walsh to share what he knew in exchange for indemnification; the league agreed to cover all his future legal fees.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com