California Corporations Code

§ 5005.1

CORP § 5005.1 Effective Jan 1, 2015Div. 2 · Title 1 · Part 1

Statute text

(a)Except for a liability that may be insured against pursuant to Division 4 (commencing with Section 3200) of the Labor Code, an authorized corporation may do any of the following:

(1)Insure itself against all or any part of any tort liability.

(2)Insure any employee of the corporation against all or any part of his or her liability for injury resulting from an act or omission in the scope of employment.

…

Legislative history

Amended by Stats. 2014, Ch. 556, Sec. 1. (SB 1011) Effective January 1, 2015.