Section 232(2)

Any provision by which a company directly or indirectly provides an indemnity (to any extent) for a director of the company, or of an associated company, against any liability attaching to him in connection with any negligence, default, breach of duty or breach of trust in relation to the company of which he is a director is void, except as permitted by— section 233 (provision of insurance), section 234 (qualifying third party indemnity provision), or section 235 (qualifying pension scheme indemnity provision).

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Source: legislation.gov.uk · retrieved 2026-09-04