| 1. Undertakings to indemnify. A corporation may, by a |
provision in its articles of incorporation or bylaws or in a |
resolution adopted or a contract approved by its board of |
directors or shareholders, obligate itself in advance of the act |
or omission giving rise to a proceeding to provide |
indemnification in accordance with section 852 or advance funds |
to pay for or reimburse expenses in accordance with section 854. |
Any such Such an obligatory provision is deemed to satisfy the |
requirements for authorization referred to in sections 854, |
subsection 3 and 856, subsection 3. Any such provision that |
obligates the corporation to provide indemnification to the |
fullest extent permitted by law is deemed to obligate the |
corporation to advance funds to pay for or reimburse expenses in |
accordance with section 854 to the fullest extent permitted by |
law, unless the provision specifically provides otherwise. |