Ark. Code § 4-33-852
Current with legislation from 2024 effective through May 3, 2024.
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.
Ark. Code § 4-33-852