ARTICLE XII

 INDEMNIFICATION AND INSURANCE

 

12.1    Indemnification and Insurance.  Indemnification of Officers, Directors, employees and agents shall be provided to the fullest extent permitted by Maryland law, as now or hereafter amended.

 

The Association shall have the right to purchase and maintain insurance to the full extent permitted by law on behalf of its Directors, Officers, employees, and other persons described in Maryland Statutes, including persons formerly occupying any such positions, against any liability asserted against or incurred by any such person in such capacity or arising out of his or her status as such agent of the Association.