Corporate Article Provision - Authorizing Bylaw

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					This is a provision to the Articles of Incorporation which indemnifies the agents of a
corporation. It allows for the corporation to hold harmless the agents of the corporation
to the maximum extent. The form contains standard clauses, however, additional terms
and conditions may be added making it fully customizable to fit the needs of the user.
Use this form when wanting to identify an agent of a corporation for the purpose of
limiting their liability with regards to their actions concerning the corporation.
            Article of Incorporation Provision - Authorizing a Bylaw

1. Indemnification. The Corporation is authorized to provide indemnification of “agents” as
such term is defined in Section ___________ [Instruction: Insert Code Number] of the Code
[Comment. This is Section 317 of the California Corporations Code, if you have formed or
are forming a corporation in another State you will want to find the similar section in that
State’s Code] for breach of duty to the corporation and its shareholders through bylaw
provisions or through agreements with the agents, or both, in excess of the indemnification
otherwise permitted by Section ___________ [Instruction: Insert Code Number] of the Code
[Comment. This is Section 317 of the California Corporations Code, if you have formed or
are forming a corporation in another State you will want to find the similar section in that
State’s Code], subject to the limits on such excess indemnification set forth in Section
___________ [Instruction: Insert Code Number] of the Code [Comment. This is Section 204
of the California Corporations Code, if you have formed or are forming a corporation in
another State you will want to find the similar section in that State’s Code].

				
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Description: This is a provision to the Articles of Incorporation which indemnifies the agents of a corporation. It allows for the corporation to hold harmless the agents of the corporation to the maximum extent. The form contains standard clauses, however, additional terms and conditions may be added making it fully customizable to fit the needs of the user. Use this form when wanting to identify an agent of a corporation for the purpose of limiting their liability with regards to their actions concerning the corporation.