Arkansas · Arkansas Code of 1987 — full code (public domain; via Open US Law, CC BY 4.0)
Ark. Code § 23-73-123: Ark. Code Ann. § 23-73-123
What this law says, in plain English
Statute permits companies and associations to indemnify officers, directors, and employees for legal expenses and judgments from proceedings related to their official duties, subject to specified conditions including good faith and absence of improper benefit.
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