Iowa Code § 490.852

Current through March 29, 2024

Section 490.852 - 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 the director is or was a director of the corporation against expenses incurred by the director in connection with the proceeding.

Iowa Code § 490.852

89 Acts, ch 288, §100; 2002 Acts, ch 1154, §46, 125; 2021 Acts, ch 165, § 112, 230

Amended by 2021 Iowa, ch 165, s 112, eff. 1/1/2022.

89 Acts, ch 288, §100; 2002 Acts, ch 1154, §46, 125

Referred to in §490.853, 490.854, 490.856, 491.3, 491.16, 497.34, 498.36, 499.59A, 508C.16, 524.801