Mont. Code § 35-18-329

Current through the 2023 Regular Session
Section 35-18-329 - Mandatory indemnification

Unless limited by its articles of incorporation, a cooperative shall indemnify a trustee or officer who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the trustee or officer was a party because the trustee or officer is or was a trustee or officer of the cooperative against reasonable expenses incurred by the trustee or officer in connection with the proceeding.

§ 35-18-329, MCA

En. Sec. 5, Ch. 173, L. 2001.