From c0da4464ccaeabaf867b933fb85dd74f84a0902c Mon Sep 17 00:00:00 2001 From: Ken Finnigan Date: Tue, 21 May 2024 14:59:46 -0400 Subject: [PATCH 1/2] Undraft the bylaws: indemnification and dissolution Signed-off-by: Ken Finnigan --- bylaws/7-indemnification-dissolution.md | 4 ---- 1 file changed, 4 deletions(-) diff --git a/bylaws/7-indemnification-dissolution.md b/bylaws/7-indemnification-dissolution.md index 2b59324..1f0fae1 100644 --- a/bylaws/7-indemnification-dissolution.md +++ b/bylaws/7-indemnification-dissolution.md @@ -1,7 +1,3 @@ ---- -status: draft -weight: 7 ---- # Insurance, Indemnification, and Dissolution The Commonhaus Foundation (CF) is committed to protecting its team—councilors, officers, employees, and agents—against legal expenses and liabilities they might face while performing their duties in good faith for the Foundation. In simple terms, if individuals are acting with the Foundation's best interests in mind and within the bounds of the law, the Foundation aims to support them. From b3c77421bc20cc0bcd9267371af62fea0793d7ec Mon Sep 17 00:00:00 2001 From: Erin Schnabel Date: Tue, 28 May 2024 17:14:13 -0400 Subject: [PATCH 2/2] text clarification of indemnification section --- bylaws/7-indemnification-dissolution.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/bylaws/7-indemnification-dissolution.md b/bylaws/7-indemnification-dissolution.md index 1f0fae1..76f0e4c 100644 --- a/bylaws/7-indemnification-dissolution.md +++ b/bylaws/7-indemnification-dissolution.md @@ -38,7 +38,7 @@ This indemnification extends to all reasonable expenses (including attorneys’ (1) acted in good faith and in a manner they reasonably believed to be consistent with the best interests of the Foundation, and (2) had no reason to believe their conduct was unlawful, in the case of criminal matters. -This indemnification does not extend to a person who is found liable in an action by the Foundation, or in right of the Foundation. +This indemnification does not extend to a person who is found liable to the Foundation in an action brought by the Foundation, or to enforce the Foundation's rights. Otherwise, the outcome of an action will not alone create a presumption that a person did not act in good faith, in the best interests of the Foundation, or with lawful intent. Relevant Florida Statutes: