47-1A-852. Mandatory indemnification.
46 words·~1 min read·
/sd/title-47/chapter-47-1/47-1a-852A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 by reason of being a director of the corporation, against reasonable expenses incurred in connection with the proceeding.