Idaho Code § 30-29-852

Current through Chapter 330 of the 2024 Regular Legislative Session

Section 30-29-852 - 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 he or she was a director of the corporation against expenses incurred by the director in connection with the proceeding.

Idaho Code § 30-29-852

[30-29-852, added 2015, ch. 243, sec. 63, p. 936; am. 2019, ch. 90, sec. 100, p. 282.]

Amended by 2019 Session Laws, ch. 90,sec. 100, eff. 7/1/2019.

Added by 2015 Session Laws, ch. 243,sec. 63, eff. 7/1/2015.