[§414-243] Mandatory indemnification.
59 words·~1 min read·
/hi/chapter-414/414-243A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
[§414-243] Mandatory indemnification. 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 was a director of the corporation against reasonable expenses incurred by the director in connection with the proceeding. [L 2000, c 244, pt of §1]