Haw. Rev. Stat. § 414D-161

Current through Act 47 of the 2024 Legislative Session
Section 414D-161 - Mandatory indemnification

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 actually incurred by the director in connection with the proceeding.

HRS § 414D-161

L 2001, c 105 , pt of §1 .