Assertion: fund's director | /r/HasAspect | reasonable belief
Facets:
Source sentences:
text: The staff also has taken the position that, before advancing legal fees to a director, a fund's board must either (1) obtain assurances, such as by obtaining insurance or receiving collateral provided by the director, that the advance will be repaid if the director is found to have engaged in disabling conduct, or (2) have a reasonable belief that the director has not engaged in disabling conduct and ultimately will be entitled to indemnification.60