Indemnification of officers.

A corporation may indemnify and advance expenses under this part to an officer of the corporation who is a party to a proceeding because he or she is an officer of the corporation: To the same extent as a director; and If he or she is an officer but not a director, to such further extent as may be provided by the articles of incorporation, the bylaws, a resolution of the board of directors, or contract, except for liability: In connection with a proceeding by or in the right of the corporation other than for expenses incurred in connection with the proceeding; or Arising out of conduct that constitutes: Receipt by the officer of a financial benefit to which the officer is not entitled; An intentional infliction of harm on the corporation or the shareholders; or An intentional violation of criminal law. Subsection (a)(2) of this section shall apply to an officer who is also a director if the basis on which the officer is made a party to the proceeding is an act or omission solely as an officer. An officer of a corporation who is not a director shall be entitled to mandatory indemnification under § 29-306.52, and may apply to the Superior Court under § 29-306.54 for indemnification or an advance for expenses, in each case to the same extent to which a director may be entitled to indemnification or advance for expenses under those provisions.