{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/13.1-882.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/13.1-882.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/13.1-882.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/13.1-882.html"}],"law_id":55875,"edition_id":1,"section_id":55875,"structure_id":14482,"section_number":"13.1-882","catch_line":"Insurance","history":"Code 1950, \u00a7 13.1-205.1; 1968, c. 689; 1975, c. 500; 1981, c. 57; 1985, c. 522; 2007, c. 925.","full_text":"A corporation may purchase and maintain insurance on behalf of an individual who is or was a director or officer of the corporation, or who, while a director or officer of the corporation, is or was serving at the request of the corporation as a director, officer, partner, trustee, employee or agent of another foreign or domestic corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other entity, against liability asserted against or incurred by such person in that capacity or arising from his status as a director or officer, whether or not the corporation would have power to indemnify him against the same liability under \u00a7 13.1-876 or 13.1-877.","order_by":null,"text":{"0":{"id":204667,"text":"A corporation may purchase and maintain insurance on behalf of an individual who is or was a director or officer of the corporation, or who, while a director or officer of the corporation, is or was serving at the request of the corporation as a director, officer, partner, trustee, employee or agent of another foreign or domestic corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other entity, against liability asserted against or incurred by such person in that capacity or arising from his status as a director or officer, whether or not the corporation would have power to indemnify him against the same liability under \u00a7 13.1-876 or 13.1-877.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14482,"edition_id":1,"name":"Indemnification","identifier":"9","label":"article","depth":3,"order_by":1,"parent_id":13004,"metadata":{},"date_created":"2026-06-26 03:48:17","date_modified":"2026-06-26 03:48:17","permalink":{"id":148235,"object_type":"structure","relational_id":14482,"identifier":"9","token":"13.1\/10\/9","url":"\/13.1\/10\/9\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13004,"edition_id":1,"name":"Virginia Nonstock Corporation Act","identifier":"10","label":"chapter","depth":2,"order_by":1,"parent_id":12744,"metadata":{},"date_created":"2026-06-26 03:44:07","date_modified":"2026-06-26 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indemnification","url":"\/13.1-880\/","token":"13.1\/10\/9\/13.1-880","metadata":false},{"id":72562,"structure_id":14482,"section_number":"13.1-881","catch_line":"Indemnification of officers","url":"\/13.1-881\/","token":"13.1\/10\/9\/13.1-881","metadata":false},{"id":55875,"structure_id":14482,"section_number":"13.1-882","catch_line":"Insurance","url":"\/13.1-882\/","token":"13.1\/10\/9\/13.1-882","metadata":false},{"id":59006,"structure_id":14482,"section_number":"13.1-883","catch_line":"Application of article","url":"\/13.1-883\/","token":"13.1\/10\/9\/13.1-883","metadata":false}],"previous_section":{"id":72562,"structure_id":14482,"section_number":"13.1-881","catch_line":"Indemnification of officers","url":"\/13.1-881\/","token":"13.1\/10\/9\/13.1-881","metadata":false},"next_section":{"id":59006,"structure_id":14482,"section_number":"13.1-883","catch_line":"Application of article","url":"\/13.1-883\/","token":"13.1\/10\/9\/13.1-883","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-882\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 5 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 689; in 1975, chapter 500; in 1981, chapter 57; in 1985, chapter 522; in 2007, chapter 925<\/a>.<\/p>","references":[{"id":73266,"section_number":"38.2-2702","catch_line":"Establishment of residual market facility","order_by":null,"url":"\/38.2-2702\/"}],"refers_to":[{"id":81318,"section_number":"13.1-876","catch_line":"Authority to indemnify","order_by":null,"url":"\/13.1-876\/"},{"id":74253,"section_number":"13.1-877","catch_line":"Mandatory indemnification","order_by":null,"url":"\/13.1-877\/"}],"permalink":{"id":148269,"object_type":"law","relational_id":55875,"identifier":"13.1-882","token":"13.1\/10\/9\/13.1-882","url":"\/13.1-882\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/13.1-882\/","token":"13.1\/10\/9\/13.1-882","dublin_core":{"Title":"Insurance","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-882","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A corporation may purchase and maintain insurance on behalf of an individual<\/span> who is or was a director<\/span> or officer<\/span> of the corporation, or who, while a director<\/span> or officer<\/span> of the corporation, is or was serving at the request of the corporation as a director<\/span>, officer<\/span>, partner, trustee, employee or agent of another foreign or domestic corporation<\/span>, limited liability<\/span> company, partnership, joint venture, trust, employee benefit plan or other entity<\/span>, against liability<\/span> asserted against or incurred by such person<\/span> in that capacity or arising from his status as a director<\/span> or officer<\/span>, whether or not the corporation would have power to indemnify him against the same liability<\/span> under \u00a7 13.1-876<\/a> or 13.1-877<\/a>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nINSURANCE (\u00a7 13.1-882)\n\nA corporation may purchase and maintain insurance on behalf of an individual who\nis or was a director or officer of the corporation, or who, while a director or\nofficer of the corporation, is or was serving at the request of the corporation\nas a director, officer, partner, trustee, employee or agent of another foreign\nor domestic corporation, limited liability company, partnership, joint venture,\ntrust, employee benefit plan or other entity, against liability asserted against\nor incurred by such person in that capacity or arising from his status as a\ndirector or officer, whether or not the corporation would have power to\nindemnify him against the same liability under \u00a7 13.1-876 or 13.1-877.\n\nHISTORY: Code 1950, \u00a7 13.1-205.1; 1968, c. 689; 1975, c. 500; 1981, c. 57;\n1985, c. 522; 2007, c. 925.","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}}