Index of Terms (non-exhaustive)

Indemnification

Definition of indemnify
transitive verb

1: to secure against hurt, loss, or damage
2: to make compensation to for incurred hurt, loss, or damage

Source: https://www.merriam-webster.com/dictionary/indemnify

Indemnification Provisions - See Also.  Regarding provisions for indemnification and limitations on liability of board members, see also the following sections in the Condo Act and Community Association Act authorizing the association's rules to provide for indemnification of board members, and authorizing any of the documents related to the formation or operation of the nonprofit corporation to provide for liability limitation, as well as indemnification:

  • Utah Code Sections 57-8-8.1(5)(d) and 57-8a-218(13)(d) (2018) ("(13) Unless otherwise provided in the declaration, an association may by rule: . . . (d) provide for the indemnification of the association’s officers and board consistent with Title 16, Chapter 6a, Utah Revised Nonprofit Corporation Act." 57-8a-218(13)(d)).
  • Utah Code Sections 57-8-40(4) and 57-8a-228(4) (2018) ("Notwithstanding any conflict with the declaration or any recorded bylaws, the organizational documents of a nonprofit corporation or other entity formed in accordance with Subsection (2) may include an additional indemnification and liability limitation provision for: (a) board members or officers; or (b) similar persons in a position of control." 57-8a-228(4)).
  • Utah Code Section 57-8-10.3 (2018) (". . . the organizational documents of an association of unit owners may indemnify and limit management committee member and officer liability to the extent permitted by the law under which the association of unit owners is organized.").
16-6a-901. Indemnification definitions
16-6a-902. Authority to indemnify directors
16-6a-903. Mandatory indemnification of directors
16-6a-904. Advance of expenses for directors
16-6a-905. Court-ordered indemnification of directors
16-6a-906. Determination and authorization of indemnification of directors
16-6a-907. Indemnification of officers, employees, fiduciaries, and agents
16-6a-908. Insurance
16-6a-909. Limitations on indemnification of directors
16-6a-910. Notice to voting members of indemnification of director
57-8-10.3. Indemnification and limit of liability
57-8-40. Organization of an association of unit owners under other law -- Reorganization
57-8-8.1. Equal treatment by rules required -- Limits on rules
57-8a-218. Equal treatment by rules required -- Limits on association rules and design criteria
57-8a-228. Organization of an association -- Governing document hierarchy -- Reorganization
Indemnify