Under most state statutes,a corporation may
A)include in its charter a provision indemnifying directors unless they have engaged in intentional misconduct or bad faith.
B)include in its charter a provision indemnifying directors under any circumstances in the conduct of their duties for the corporation.
C)not include in its charter a provision indemnifying directors who engage in negligent conduct of their duties.
D)not include in its charter any provisions regarding indemnification of directors.

Question

Quizplus · Accepted Answer

Most state statutes allow corporations to include in their charters a provision indemnifying directors unless they have engaged in intentional misconduct or bad faith. This provision is designed to ensure that directors are not held liable for actions that they take in good faith while carrying out their duties for the corporation. However, this provision generally does not protect directors who engage in intentional misconduct or bad faith, as these actions are not considered to be within the scope of their duties for the corporation.

Under Most State Statutes,a Corporation May