Statutes, codes, and regulations
Indiana Code
Title 28 - FINANCIAL INSTITUTIONSArticle 13 - CORPORATE GOVERNANCE
Chapter 13 - INDEMNIFICATION OF DIRECTORS
Section 28-13-13-9 - Mandatory indemnification of director for expenses of successful defense of proceeding

Ind. Code § 28-13-13-9

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Current through P.L. 171-2024
Section 28-13-13-9 - Mandatory indemnification of director for expenses of successful defense of proceeding

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 28-13-13-9

As added by P.L. 14-1992, SEC.163.