State Law Restrictions. In accordance with the [General Corporation Law of the State of Maryland][General Laws of the Commonwealth of Massachusetts], the Board Member shall not be indemnified and held harmless pursuant to this Section 1 if the substantive and procedural standards for indemnification under such law have not been met.
Appears in 5 contracts
Samples: Indemnification Agreement (Fundamental Investors Inc), Indemnification Agreement (American High Income Trust), Indemnification Agreement (Investment Co of America)
State Law Restrictions. In accordance with the [General Corporation Law of the State of Maryland][General Laws of the Commonwealth of Massachusetts]Maryland, the Board Member shall not be indemnified and held harmless pursuant to this Section 1 if the substantive and procedural standards for indemnification under such law have not been met.
Appears in 5 contracts
Samples: Indemnification Agreement (Emerging Markets Growth Fund Inc), Indemnification Agreement (American Funds Target Date Retirement Series), Indemnification Agreement (Short-Term Bond Fund of America)
State Law Restrictions. In accordance with the [General Corporation Law of the State of Maryland][General Laws of the Commonwealth of Massachusetts], the Board Member shall not be indemnified and held harmless pursuant to this Section 1 if the substantive and procedural standards for indemnification under such law have not been met.
Appears in 1 contract
Samples: Indemnification Agreement (American Funds Tax Exempt Series I)
