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Code · Minnesota · Chapter 61

61B.31 INDEMNIFICATION.

73 words·~1 min read·/mn/chapter-61/61b-31

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61B.31 INDEMNIFICATION.
The association has authority to indemnify certain persons against certain expenses and liabilities as provided in section 302A.521 , including the power to purchase and maintain insurance on behalf of these persons as provided by section 302A.521, subdivision 7 . In applying section 302A.521 for this purpose, the term "member insurers" shall be substituted for the terms "shareholders" and "stockholders" and the term "association" shall be substituted for the term "corporation."
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