All sections · Part VII: Directors · Sub-Part VI: Indemnification and insurance
160 Insurance
A company may purchase and maintain insurance in relation to any person
who is or was a director of the company, or who at the request of the company
is or was serving as a director of, or in any other capacity is or was acting for,
another body corporate or a partnership, joint venture, trust or other enterprise,
against any liability asserted against the person and incurred by the person in
that capacity, whether or not the company has or would have had the power
to indemnify the person against the liability under section 159.
who is or was a director of the company, or who at the request of the company
is or was serving as a director of, or in any other capacity is or was acting for,
another body corporate or a partnership, joint venture, trust or other enterprise,
against any liability asserted against the person and incurred by the person in
that capacity, whether or not the company has or would have had the power
to indemnify the person against the liability under section 159.
