indemnification
Definition of indemnify
transitive verb
1: to secure against hurt, loss, or damage
2: to make compensation to for incurred hurt, loss, or damage
Source: https://www.merriam-webster.com/dictionary/indemnify
The Nonprofit Corporation Act permits both voluntary and mandatory indemnification of directors. Voluntary indemnification is addressed in Section 902 of the Utah Revised Nonprofit Corporation Act, while mandatory indemnification is addressed in Section 903. Advancing expenses for directors is addressed in Section 904.
Indemnification Provisions in Governing Documents.
The Condo Act and Community Association Act authorize an association's
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See also Index, liability, director.
Statutes and Cases:
(For reference: 57-8 is the Condo Act, 57-8a is the Community Association Act, 16-6a is the Nonprofit Act)