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<section article="gca" article_name="Corporations and Associations" number="12-403" title_number="12" title_name="Statutory Trusts" subtitle_number="4" subtitle_name="Trustees; Powers; Liabilities">
  <level label="a">
    <text>Except as provided in its governing instrument, a statutory trust shall have the power to:</text>
    <level label="1">
      <text>Indemnify and hold harmless, and to obligate itself to indemnify and hold harmless, any trustee, officer, employee, or agent from and against any and all claims and demands whatsoever; and</text>
    </level>
    <level label="2">
      <text>Pay or reimburse in advance of final disposition of a proceeding, as defined in § 2–418 of this article, reasonable expenses incurred in connection with the proceeding.</text>
    </level>
  </level>
  <level label="b">
    <text>Except as provided in the governing instrument of a statutory trust, a trustee shall be indemnified to the same extent as a director of a corporation under § 2–418 of this article.</text>
  </level>
</section>
