Mandatory Indemnification of Director for Expenses Incurred in Successful Defense

1. Law
2. Indiana Code
3. Insurance
4. Department of Insurance
5. Indemnification of Directors
6. Mandatory Indemnification of Director for Expenses Incurred in Successful Defense

Sec. 9. 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 the director is or was a director of the corporation against reasonable expenses incurred by the director in connection with the proceeding.

As added by P.L.266-1987, SEC.6.

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