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https://www.baileycav.com/site/assets/files/1431/director_and_officer_indemnification.pdf#:~:text=a.%20A%20corporation%20may%20be%20required%20to%20indemnify,1996%20WL%20732530%20%28E.D.%20La.%20Dec.%2012%2C%201996%29.
https://www.lexology.com/library/detail.aspx?g=89df3b8c-d63b-466a-951c-44bead315f19
That is, a Minnesota corporation must indemnify any person made party to a proceeding because of her former or present official capacity if the person (1) has not been otherwise indemnified, (2)...
https://www.hilderlaw.com/blog/2018/10/are-corporate-officers-immune-from-personal-criminal-liability/
A standard answer to the above blog headline is that, yes, executives in a corporation are usually immune from civil and criminal actions that posit wrongdoing and third-party damages (e.g., to consumers or a government …
https://www.calcorporatelaw.com/2013/06/when-officers-must-indemnify-the-corporation
To the extent that an officer is also an employee, she may be entitled to indemnification by virtue of Section 2802 of the California Labor Code. Sometimes, however, the shoe is on the other foot and the corporation has a right to be indemnified by its officers. Corporations Code Section 25505 is one example.
https://www.lawinsider.com/clause/indemnification-of-officers-directors-employees-and-agents
the corporation shall indemnify each person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative ("proceeding'), by reason of the fact that he or she is or was a director, officer or employee of the corporation, or is …
https://www.lawinsider.com/clause/indemnification-of-directors-and-officers
indemnification of directors and officers. 7.1 the corporation shall indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of …
https://woodruffsawyer.com/do-notebook/criminal-negligence-corporate-officer-doctrine/
Corporate officers, especially those in businesses that affect public health and safety, can do the following to mitigate their risk of personal liability, including possible prison sentences: Understand the Risks. Retain legal counsel to update your understanding of the statutes and regulations relevant to your business.
https://www.skadden.com/insights/publications/2021/02/indemnification-considerations
Further, even in the absence of a charter provision, a bylaw provision or an indemnification agreement providing Ds&Os with the right to indemnification, a corporation is required by statute to indemnify directors and certain senior officers for expenses actually and reasonably incurred in the defense of any action or proceeding relating to the ...
https://www.baileycav.com/site/assets/files/1431/director_and_officer_indemnification.pdf
A corporation may be required to indemnify an officer who pleads guilty a criminal charge. Maiss v. Bally Gaming International, 1996 WL 732530 (E.D. La. Dec. 12, 1996). b. The “best interest of corporation” standard is not met if the D&O conduct is only for personal benefit. Bensen v.
https://www.wolfbaldwin.com/articles/small-business-articles/how-can-you-send-a-corporation-to-jail/
in fact, the definition makes it quite clear that even officers and directors can be held criminally liable: “whenever used in any clause prescribing and imposing a penalty, or imposing a fine or imprisonment, or both, the term ‘person’ shall not exclude the members of an association and the directors, officers or agents of a corporation.” 35 …
https://www.nortonrosefulbright.com/-/media/files/nrf/nrfweb/imported/20160801---criminal-and-civil-liability-for-corporations-officers-and-directors.pdf
Therefore, a corporation can be criminally charged, convicted, and sentenced under 18 U.S.C. § 371 for conspiring with its own agents to violate the law. LIABILITY FOR CORPORATE SUBSIDIARIES Offenses an agent of a corporation’s subsidiary commits can expose the parent company to criminal liability under two legal theories: Agency.
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