Section 1052 Bylaws

Section 1052. Proceedings Initiated by Indemnified Representatives. -- Notwithstanding any other provision of this chapter, the Association shall not indemnify under this chapter an Indemnified Representative for any Liability incurred in a Proceeding initiated (which shall not be deemed to include counter-claims or affirmative defenses) or participated in as an intervenor or amicus curiae by the person seeking indemnification unless such initiation of or participation in the Proceeding is authorized, either before or after its commencement, by the House of Delegates or Board of Governors. This section does not apply to reimbursement of expenses incurred in successfully prosecuting or defending the rights of an Indemnified Representative granted by or pursuant to this chapter.



 


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