Mandatory Indemnification.

1. Law
2. Code of Alabama
3. Alabama Business and Nonprofit Entities Code.
4. Alabama Business Corporation Law.
5. Directors and Officers.
6. Indemnification and Advance for Expenses.
7. Mandatory Indemnification.

Section 10A-2A-8.52

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.

(Act 2019-94, §1.)

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