Alabama Code (Last Updated: November 28, 2014) |
Title10A ALABAMA BUSINESS AND NONPROFIT ENTITIES CODE. |
Chapter1. GENERAL PROVISIONS. |
Article6. Indemnification and Insurance. |
DivisionB. Mandatory and Court Ordered Indemnification. |
§10A-1-6.13. Limitations in governing documents.
Latest version.
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(a) The certificate of formation of an enterprise may restrict the circumstances under which the enterprise must or may indemnify a person under this division.
(b) The written partnership agreement of a limited partnership may restrict the circumstances in the same manner as the certificate of formation under subsection (a).