498.36 - INDEMNIFICATION.

        498.36  INDEMNIFICATION.         A cooperative association operating under this chapter may      indemnify any present or former director, officer, employee, member,      or volunteer in the manner and in the instances authorized in      sections 490.850 through 490.859, provided that where sections      490.850 through 490.859 provide for action by shareholders the      sections are applicable to action by voting members of the      cooperative association, and where sections 490.850 through 490.859      refer to the corporation organized under chapter 490 the sections are      applicable to the cooperative association organized under this      chapter, and where sections 490.850 through 490.859 refer to the      director the sections are applicable to a director, officer,      employee, member, or volunteer of the cooperative association      organized under this chapter.  
         Section History: Recent Form
         88 Acts, ch 1170, §7; 94 Acts, ch 1023, §63; 2002 Acts, ch 1154,      §105, 125