Ala. Code § 10A-2A-8.52

Current with legislation from 2024 effective through May 17, 2024.
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.

Ala. Code § 10A-2A-8.52 (1975)

Added by Act 2019-94,§ 1, eff. 1/1/2020.