21-1998. Mandatory indemnification.
60 words·~1 min read·
/ne/chapter-21/21-1998A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 he or she is or was a director of the corporation against reasonable expenses actually incurred by the director in connection with the proceeding.