Statutes, codes, and regulations
Indiana Code
Title 23 - BUSINESS AND OTHER ASSOCIATIONSArticle 1 - INDIANA BUSINESS CORPORATION LAW
Chapter 37 - INDEMNIFICATION OF DIRECTORS, OFFICERS, EMPLOYEES, AND AGENTS
Section 23-1-37-9 - Mandatory indemnification of director against expenses

Ind. Code § 23-1-37-9

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Current through P.L. 171-2024
Section 23-1-37-9 - Mandatory indemnification of director against expenses

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 incurred by the director in connection with the proceeding.

IC 23-1-37-9

As added by P.L. 149-1986, SEC.21.