Georgia · Official Code of Georgia Annotated — full code (public domain; via Open US Law, CC BY 4.0)
O.C.G.A. § 14-3-856: Corporations, Partnerships, and Associations — O.C.G.A. § 14-3-856
What this law says, in plain English
A corporation may indemnify directors in legal proceedings if authorized by its governing documents, but cannot indemnify directors for misappropriation of business opportunities, intentional misconduct, knowing law violations, or improper personal benefits.
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