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Undraft the bylaws: indemnification and dissolution [due May 27] #161

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May 30, 2024
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Undraft the bylaws: indemnification and dissolution [due May 27] #161

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Undraft the bylaws: indemnification and dissolution
kenfinnigan May 21, 2024
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text clarification of indemnification section
ebullient May 28, 2024
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6 changes: 1 addition & 5 deletions bylaws/7-indemnification-dissolution.md
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---
status: draft
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# 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.
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(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:
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