185.036 Determination of right to indemnification.
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/wi/chapter-185/185-036A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
185.036 Determination of right to indemnification. Unless otherwise provided by the articles or bylaws or by written agreement between the director or officer and the cooperative, the director or officer seeking indemnification under s. 185.035
(2)shall select one of the following means for determining his or her right to indemnification:
(1)By majority vote of a quorum of the board consisting of directors not at the time parties to the same or related proceedings. If a quorum of disinterested directors cannot be obtained, by majority vote of a committee duly appointed by the board and consisting solely of 2 or more directors not at the time parties to the same or related proceedings. Directors who are parties to the same or related proceedings may participate in the designation of members of the committee.
(2)By independent legal counsel selected by a quorum of the board or its committee in the manner prescribed in sub.
(1)or, if unable to obtain such a quorum or committee, by a majority vote of the full board, including directors who are parties to the same or related proceedings.