Orange California Articles of Incorporation with Indemnification

Name: Orange California Articles of Incorporation with Indemnification
Brand: US Legal Forms
Rating: 4.58 (400 reviews)

Category:

Corporations - Public - Indemnification

State:

Multi-State

County:

Orange

Control #:

US-CC-17-124C

Format:

Instant download

Description

This sample form, a detailed Articles of Incorporation, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.

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How to fill out Orange California Articles Of Incorporation With Indemnification?

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A director's or officer's right to indemnification and advancement of expenses is subject to the company's ability to pay, and several legal limitations. Bankruptcy Law Limits. Claims against directors and officers more frequently occur when the company is under financial distress that leads to bankruptcy.

What does "Corporate Indemnification" mean? Generally, indemnification refers to a situation in which one party (the indemnifying party) agrees or is required to cover the costs, losses and/or expenses experienced by another party (the indemnified party).

Any UK company can now indemnify any of its directors, and any director of a company in the same group, against damages, costs and interest awarded against him in civil proceedings brought by a third party, and against legal and other costs incurred in defending both civil and criminal proceedings if and when the

The rule of indemnity, or the indemnity principle, says that an insurance policy should not confer a benefit that is greater in value than the loss suffered by the insured. Indemnities and insurance both guard against financial losses and aim to restore a party to the financial status held before an event occurred.

Indemnification Rights means the rights of each Indemnitee to be defended, to be indemnified, reimbursed and held harmless from and against Losses and Expenses, and to receive advances of Expenses, in each case as, to the extent and under the circumstances specifically provided in this Article.

Indemnification is where the company reimburses the director or officer for the attorneys' fees and costs, and potentially judgments, incurred in connection with claims arising out of the director's or officer's service to the company.

Indemnification clauses are common in corporations and LLCs. Often a company will agree to indemnify its shareholders, members, officers, and directors for actions they take in such roles on behalf of the company.

For investment companies like mutual funds, corporate indemnification of a director is not permitted under Section 17(h) of the Investment Company Act of 1940 (1940 Act) for willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of his sic officeso called

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Sovereign Immunity - Government Contractor Defense - Implied. (the "Corporation").The address of the registered office of the Company in the State of Delaware is Corporation. Items 1 - 10 — 4.3.1. 2 Provide a copy of certification for proper incorporation or registration from Florida Secretary of State. Learn more about MetLife employee benefits and financial solutions. Orange County, California, United States. SECOND: The address of its registered office in the State of Delaware is Corporation Trust. United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry.

Subcommittee on Water Resources and Environmental Quality, Subcommittee on Health, Education, Labor, and Pensions. Washington, D.C., United States of America. SECOND: The address of the registered office in the State of Delaware is Corporation Trust. 2.4 Certificate of Registration and Bylaws. See the Certificate of Registration and Bylaw, Corporations. 3. The Company's Business Conduct. Companies listed in our Annual Report on Form 10-K for the year ended December 31, 2002, provide many of the services specified in the Business Conduct Statement. 4. The Company's Ownership Structure. Our two companies — the first of which is MetLife, and the second, Life Insurance Companies of America, Inc. The MetLife Company is not a real estate investment or acquisition corporation (REID). The second REID of the Life Insurance Companies of America is an insurance company owned 50% by life insurance issuers, and 50% by its employees.

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Orange California Articles of Incorporation with Indemnification

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Do directors have the right to indemnification?

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Can a UK company indemnify its directors?

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What are indemnification rights?

What is director indemnification?

What is a corporate indemnification agreement?

Can a corporation indemnify its shareholders?

Why would a company not indemnify its directors?

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