# Companies Act 1948, Paragraph 136


Every director, managing director, agent, auditor, secretary and other officer for the time being of the company shall be indemnified out of the assets of the company against any liability incurred by him in defending any proceedings, whether civil or criminal, in which judgment is given in his favour or in which he is acquitted or in connection with any application under section 448 of the Act in which relief is granted to him by the court.

---
Source: https://www.legislation.gov.uk/ukpga/Geo6/11-12/38/schedule/FIRST/paragraph/136 (the official version)
Page: https://openlegislation.uk/companies-act-1948/schedule-FIRST/paragraph-136
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.