Indemnification of Directors and you can Officials during the Derivative Provides Financial may provide getting indemnification from administrators, officers, and employees
Indemnification of Directors and you can Officials during the Derivative Provides Financial may provide getting indemnification from administrators, officers, and employees Indemnification from Directors and you may Officers Financial can get, when you look at the pursuance of the liberties since the a collector, enable indemnification away from a financial staff member who functions as good movie director regarding a borrower corporation in the process of a chapter X reorganization. OCC Interpretive Page old August dos, 1977 [1978-1979 Import Binder] Fed. Financial L. Representative. (CCH) 85,002. Look for in addition to OBRE Interpretive Letter 91-sixteen (July several, 1991). Section 5(19) of Illinois Banking Work [205 ILCS 5/5(19)]; OBRE Interpretive Page 91-16 (; OCC Interpretive Letter 404 [1988-1989 Import Binder] Given. Banking L. Rep. (CCH) 85,628, 1987 WL 149902 (February 5,…