RS 12:1-852
63 words·~1 min read·
/la/title-12/12-761A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
RS 12:1-852
§1-852. 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 he or she was a director of the corporation against expenses incurred by the director in connection with the proceeding.
Acts 2014, No. 328, §1, eff. Jan. 1, 2015.