WVC 31 E- 8 - 857
A corporation may purchase and maintain insurance on behalf of
an individual who is a director or officer of the corporation, or
who, while a director or officer of the corporation, serves at the
corporation's request as a director, officer, partner, trustee,
employee, or agent of another domestic or foreign corporation,
partnership, joint venture, trust, employee benefit plan, or other
entity, against liability asserted against or incurred by him or
her in that capacity or arising from his or her status as a
director or officer, whether or not the corporation would have
power to indemnify or advance expenses to him or her against the
same liability under this part.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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