LECTURE NOTES: BUSINESS ORGANIZATION
Corporate Organization
!
"
"
#
!
$
!
"
%
!
&
%
$'
(
)
*
"
+
!
*
%
,
-
.
!
" #
!
$
"
%
/
!
!
! .
0
.
!
&
'
#
$
Page 1 of 6
%
"
%
(
'
)
*+
%
'
'
!
$'
!
!
1
(
'
*
)
%
$
'
'
&
!
!
!
&
!
/2360.411 Insurance. A corporation may purchase and maintain insurance on
behalf of an individual against liability asserted against or incurred by the
individual who is or was a director, officer, employee or agent of the corporation
or who, while a director, officer, employee or agent of the corporation, is or was
serving at the request of the corporation as a director, officer, partner, trustee,
employee or agent of another foreign or domestic corporation, partnership, joint
venture, trust, employee benefit plan or other enterprise. The corporation may
purchase and maintain the insurance even if the corporation has no power to
indemnify the individual against the same liability under ORS 60.391 or 60.394.
[1987 c.52 §101]
*
+
!
,-./01
'
2
2
3
(
3
3
'
$
$ 4'
5
6/78 &9/,:
'
$
3 3 3
'
'
2
$
'
3
$
'
%
!
!
%
'
!
$
!
!
.
!
!
2
+
!
!
$
;
&
!
!
!
!
Page 2 of 6
<4
5
%
%
=
!
3
+
3
!
%
=
3
"
!
6
0 "
1
*>
*
!
1
%
*
!
!
*+
%?
!
1
+
"
"
%
!
&
+
%
1
%
"
!
"
5 7*
+
"
+
5
3
!
!
@
6*A
@
&*
*
'
'
1
" B
!!
'
>
,-.86 ;
$ 3
''
3
@
6*
$
$
'
3
$
$
3
'
@
&*
''
''
''
) $
@
.*
=
C
'
$
$
3
$
' '
C
'
Page 3 of 6
@
0*
'
=
&97/:
5
6/78
"
6
& #
.
0 D
4
=
"
#
!
,
8
7
7
#
$
4
,
/
!
E
E
D
'
#
'=
$
*
!
!
&
'
6
3
!
#
$
"
8
1
;
1
;
'
6
1
.
'
.
"
! !
(
)
.
#
+
! !
"
(
'
)
!
!
Page 4 of 6
!
!
!
!
A =
-
+
# 4
*
!
9
?
4
7 D
1
:
%
+
D
"
*
$
1% ;
1%
1% *
%
!
D
!
;
!
<
/
*
D
F
= D
'' =
=
2
!
1
1
3
(
6
6
!
'
B
B
'
'
5
B 5
7
!
"
'
0 # $
*A
B
C
=
Page 5 of 6
@
6*
@
&*
@
.*
$
@
0*# '
'
'
$*#
*
=
'
=
*
!
!
6
1
%
!
= =
*
!
!
!
*
!
!
"
5
!
I.
Page 6 of 6