Company: UMBFO
Filing Date: 2025-02-03
Form Type: S-8
Source: 0000950103-25-001331
Chunk: 6

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-03
Form: S-8
Chunk 6
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the corporation which has been adopted by a vote of the shareholders of the corporation, and provided further that no such indemnity shall
indemnify any person from or on account of such person’s conduct which was finally adjudged to have been knowingly fraudulent, deliberately
dishonest or willful misconduct. Nothing in this subsection shall be deemed to limit the power of the corporation under subsection 6 of
this section to enact bylaws or to enter into agreements without shareholder adoption of the same.

8. The corporation may purchase and maintain insurance
or another arrangement on behalf of any person who is or was a director, officer, employee or agent of the corporation, or is or was serving
at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust
or other enterprise against any liability asserted against him or her and incurred by him or her in any such capacity, or arising out
of his or her status as such, whether or not the corporation would have the power to indemnify him against such liability under the provisions
of this section. Without limiting the power of the corporation to procure or maintain any kind of insurance or other arrangement the corporation
may for the benefit of persons indemnified by the corporation create a trust fund, establish any form of self insurance, secure its indemnity
obligation by grant of a security interest or other lien on the assets of the corporation, or establish a letter of credit, guaranty,
or surety arrangement. The insurance or other arrangement may be procured, maintained, or established within the corporation or with any
insurer or other person deemed appropriate by the board of directors regardless of whether all or part of the stock or other securities
of the insurer or other person are owned in whole or in part by the corporation. In the absence of fraud the judgment of the board of
directors as to the terms and conditions of the insurance or other arrangement and the identity of the insurer or other person participating
in an arrangement shall be conclusive and the insurance or arrangement shall not be voidable and shall not subject the directors approving
the insurance or arrangement to liability on any ground regardless of whether directors participating in the approval are beneficiaries
of the insurance arrangement.

9. Any provision of this chapter to the contrary
notwithstanding, the provisions of this section shall apply to all existing and new domestic corporations, including but not limited to
banks, trust companies, insurance companies, building and loan associations, savings bank and safe deposit companies