{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/13.1-702.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/13.1-702.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/13.1-702.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/13.1-702.html"}],"law_id":72780,"edition_id":1,"section_id":72780,"structure_id":15231,"section_number":"13.1-702","catch_line":"Advance for expenses and indemnification for officers","history":"Code 1950, \u00a7 13.1-3.1; 1968, c. 570; 1975, c. 500; 1979, c. 99; 1985, c. 522; 2005, c. 765; 2019, c. 734.","full_text":"Unless limited by a corporation’s articles of incorporation:\n\n1\n\nAn officer of the corporation who is a party to a proceeding because he is an officer is entitled to mandatory indemnification under § 13.1-698 and is entitled to apply for court-ordered advance or reimbursement of expenses and indemnification under § 13.1-700.1, in each case to the same extent as a director; and2\n\nThe corporation may indemnify and advance expenses under this article to an officer who is a party to a proceeding because the individual is an officer to the same extent as to a director.","order_by":null,"text":{"0":{"id":262133,"text":"Unless limited by a corporation’s articles of incorporation:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":262134,"text":"An officer of the corporation who is a party to a proceeding because he is an officer is entitled to mandatory indemnification under § 13.1-698 and is entitled to apply for court-ordered advance or reimbursement of expenses and indemnification under § 13.1-700.1, in each case to the same extent as a director; and","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":262135,"text":"The corporation may indemnify and advance expenses under this article to an officer who is a party to a proceeding because the individual is an officer to the same extent as to a director.","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1"}},"ancestry":[{"id":15231,"edition_id":1,"name":"Indemnification","identifier":"10","label":"article","depth":3,"order_by":1,"parent_id":12983,"metadata":{},"date_created":"2026-06-26 03:53:12","date_modified":"2026-06-26 03:53:12","permalink":{"id":150265,"object_type":"structure","relational_id":15231,"identifier":"10","token":"13.1\/9\/10","url":"\/13.1\/9\/10\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12983,"edition_id":1,"name":"Virginia Stock Corporation Act","identifier":"9","label":"chapter","depth":2,"order_by":1,"parent_id":12744,"metadata":{},"date_created":"2026-06-26 03:44:06","date_modified":"2026-06-26 03:44:06","permalink":{"id":150163,"object_type":"structure","relational_id":12983,"identifier":"9","token":"13.1\/9","url":"\/13.1\/9\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12744,"edition_id":1,"name":"Corporations","identifier":"13.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":147493,"object_type":"structure","relational_id":12744,"identifier":"13.1","token":"13.1","url":"\/13.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":83273,"structure_id":15231,"section_number":"13.1-696","catch_line":"Definitions","url":"\/13.1-696\/","token":"13.1\/9\/10\/13.1-696","metadata":false},{"id":64034,"structure_id":15231,"section_number":"13.1-697","catch_line":"Authority to indemnify","url":"\/13.1-697\/","token":"13.1\/9\/10\/13.1-697","metadata":false},{"id":69826,"structure_id":15231,"section_number":"13.1-698","catch_line":"Mandatory indemnification","url":"\/13.1-698\/","token":"13.1\/9\/10\/13.1-698","metadata":false},{"id":62700,"structure_id":15231,"section_number":"13.1-699","catch_line":"Advance for expenses","url":"\/13.1-699\/","token":"13.1\/9\/10\/13.1-699","metadata":false},{"id":80595,"structure_id":15231,"section_number":"13.1-700","catch_line":"Repealed","url":"\/13.1-700\/","token":"13.1\/9\/10\/13.1-700","metadata":false},{"id":57995,"structure_id":15231,"section_number":"13.1-700.1","catch_line":"Court orders for advance, reimbursement, or indemnification","url":"\/13.1-700.1\/","token":"13.1\/9\/10\/13.1-700.1","metadata":false},{"id":83208,"structure_id":15231,"section_number":"13.1-701","catch_line":"Determination and authorization of indemnification","url":"\/13.1-701\/","token":"13.1\/9\/10\/13.1-701","metadata":false},{"id":72780,"structure_id":15231,"section_number":"13.1-702","catch_line":"Advance for expenses and indemnification for officers","url":"\/13.1-702\/","token":"13.1\/9\/10\/13.1-702","metadata":false},{"id":59811,"structure_id":15231,"section_number":"13.1-703","catch_line":"Insurance","url":"\/13.1-703\/","token":"13.1\/9\/10\/13.1-703","metadata":false},{"id":70191,"structure_id":15231,"section_number":"13.1-704","catch_line":"Application of article","url":"\/13.1-704\/","token":"13.1\/9\/10\/13.1-704","metadata":false}],"previous_section":{"id":83208,"structure_id":15231,"section_number":"13.1-701","catch_line":"Determination and authorization of indemnification","url":"\/13.1-701\/","token":"13.1\/9\/10\/13.1-701","metadata":false},"next_section":{"id":59811,"structure_id":15231,"section_number":"13.1-703","catch_line":"Insurance","url":"\/13.1-703\/","token":"13.1\/9\/10\/13.1-703","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-702\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 6 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1968, chapter 570; in 1975, chapter 500; in 1979, chapter 99; in 1985, chapter 522; in 2005, chapter 765<\/a>; in 2019, chapter 734<\/a>.<\/p>","references":[{"id":83273,"section_number":"13.1-696","catch_line":"Definitions","order_by":null,"url":"\/13.1-696\/"}],"refers_to":[{"id":69826,"section_number":"13.1-698","catch_line":"Mandatory indemnification","order_by":null,"url":"\/13.1-698\/"},{"id":57995,"section_number":"13.1-700.1","catch_line":"Court orders for advance, reimbursement, or indemnification","order_by":null,"url":"\/13.1-700.1\/"}],"permalink":{"id":150295,"object_type":"law","relational_id":72780,"identifier":"13.1-702","token":"13.1\/9\/10\/13.1-702","url":"\/13.1-702\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/13.1-702\/","token":"13.1\/9\/10\/13.1-702","dublin_core":{"Title":"Advance for expenses and indemnification for officers","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-702","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Unless limited by a corporation<\/span>’s articles of incorporation<\/span>:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> An officer<\/span> of the corporation<\/span> who is a party<\/span> to a proceeding<\/span> because he is an officer<\/span> is entitled to mandatory indemnification under § 13.1-698<\/a> and is entitled to apply for court<\/span>-ordered advance or reimbursement of expenses<\/span> and indemnification under § 13.1-700.1<\/a>, in each case to the same extent as a director<\/span>; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The corporation<\/span> may indemnify and advance expenses<\/span> under this article to an officer<\/span> who is a party<\/span> to a proceeding<\/span> because the individual<\/span> is an officer<\/span> to the same extent as to a director<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nADVANCE FOR EXPENSES AND INDEMNIFICATION FOR OFFICERS (\u00a7 13.1-702)\n\nUnless limited by a corporation’s articles of incorporation:\n\n1. An officer of the corporation who is a party to a proceeding because he is an\nofficer is entitled to mandatory indemnification under § 13.1-698 and is\nentitled to apply for court-ordered advance or reimbursement of expenses and\nindemnification under § 13.1-700.1, in each case to the same extent as a\ndirector; and\n\n2. The corporation may indemnify and advance expenses under this article to an\nofficer who is a party to a proceeding because the individual is an officer to\nthe same extent as to a director.\n\nHISTORY: Code 1950, \u00a7 13.1-3.1; 1968, c. 570; 1975, c. 500; 1979, c. 99; 1985,\nc. 522; 2005, c. 765; 2019, c. 734.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}