Acts and Regulations

C-13 - Companies Act

Full text
Indemnification of directors
95Any director, former director, officer or former officer of a company or his or her heirs, executors, estate and effects may, with the consent of the company given at any general meeting of the company, from time to time and at all times be indemnified and saved harmless out of the funds of the company from and against all costs, charges and expenses whatsoever that the director, former director, officer or former officer sustains or incurs in or about any action, suit or proceeding that is brought, commenced or prosecuted against him or her for or in respect of any act, deed, matter or thing whatsoever, made, done or permitted by him or her in or about the execution of the duties of his or her office, and also from and against all other costs, charges and expenses that the director, former director, officer or former officer sustains or incurs in or about or in relation to the affairs of the company, except costs, charges or expenses that are occasioned by his or her own wilful neglect or default.
R.S., c.33, s.94; 1997, c.61, s.5
Indemnification of directors
95Any director, former director, officer or former officer of a company or his or her heirs, executors, estate and effects may, with the consent of the company given at any general meeting of the company, from time to time and at all times be indemnified and saved harmless out of the funds of the company from and against all costs, charges and expenses whatsoever that the director, former director, officer or former officer sustains or incurs in or about any action, suit or proceeding that is brought, commenced or prosecuted against him or her for or in respect of any act, deed, matter or thing whatsoever, made, done or permitted by him or her in or about the execution of the duties of his or her office, and also from and against all other costs, charges and expenses that the director, former director, officer or former officer sustains or incurs in or about or in relation to the affairs of the company, except costs, charges or expenses that are occasioned by his or her own wilful neglect or default.
R.S., c.33, s.94; 1997, c.61, s.5