WVC 31 D- 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 2013 1st Special Session
The WV Code Online is an unofficial copy of the annotated WV Code, provided as a convenience. It has NOT been edited for publication, and is not in any way official or authoritative.