Mandatory indemnification

1. Law
2. District of Columbia Code
3. Business Organizations. [Enacted title]
4. Business Corporations
5. Directors and Officers
6. Indemnification and Advance for Expenses
7. 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.

(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)

Section References

This section is referenced in § 29-306.53, § 29-306.54, and § 29-306.56.

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