Branson v. SUN-DIAMOND GROWERS OF CA.
California Court of Appeal
1Opinion of the Court
Opinion
SPARKS, J.
Corporations Code section 317, subdivision (e)(4), permits a court to authorize a corporation to indemnify its agent against a judgment arising from the agent’s reasonable and good faith acts on behalf of the corporation. Such an order may be made in “[t]he court in which the proceeding [against the agent] is or was pending . . . .” (Corp. Code, § 317, subd. (e)(4).)
In a different case arising out of proceedings filed in Contra Costa County, the Court of Appeal for the First District held that the agent in question was not entitled to indemnification from the corporation…
2Cases cited24 opinions
- Foley v. Interactive Data Corp.California Supreme Court · 1988
- Lucido v. Superior CourtCalifornia Supreme Court · 1990
- Seaman's Direct Buying Service, Inc. v. Standard Oil Co.California Supreme Court · 1984
- People v. SimsCalifornia Supreme Court · 1982
- Agarwal v. JohnsonCalifornia Supreme Court · 1979
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- Timothy Mcgann v. Northeast Illinois Regional Commuter Railroad CorporationCourt of Appeals for the Seventh Circuit · 1994
- Rice v. CrowCalifornia Court of Appeal · 2000
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