[§414D-161] Mandatory indemnification.
69 words·~1 min read·
/hi/414d-161A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
[§414D-161] Mandatory indemnification. Unless limited by its articles of incorporation, a corporation shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the director was a party because the director is or was a director of the corporation, against reasonable expenses actually incurred by the director in connection with the proceeding. [L 2001, c 105, pt of §1]