Indemnification of officers, directors, employees and agents; insurance
- Statute:
- Louisiana §12:227 · Part NP (Louisiana Nonprofit Corporation Law (La. R.S. Title 12 Ch. 2))
- Topic:
- Governance · Indemnification
- Applies to:
- Nonprofit associations
The corporation may indemnify a director, officer, employee, or agent who acted in good faith and in a manner reasonably believed to be in (or not opposed to) the corporation's interest, including attorney fees, and may buy insurance to back that indemnity.
📄 Read the official text at legis.la.gov →
How SoShiny helps with Indemnification of officers, directors, employees and agents; insurance
SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees.
See the feature → Start freeFrequently asked
- What does Louisiana §12:227 require?
- The corporation may indemnify a director, officer, employee, or agent who acted in good faith and in a manner reasonably believed to be in (or not opposed to) the corporation's interest, including attorney fees, and may buy insurance to back that indemnity.
- Who does Louisiana §12:227 apply to?
- Louisiana §12:227 applies to Nonprofit associations in Louisiana.
- What happens if our nonprofit corporation doesn't comply with §12:227?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for Louisiana community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of Louisiana §12:227?
- The official text is published by the Louisiana State Legislature at legis.la.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Indemnification of officers, directors, employees and agents; insurance?
- SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees. Learn more →
Not legal advice. This page is a plain-English summary of Louisiana §12:227 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a Louisiana-licensed attorney. For the official statutory text, see the link above.
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