Tenn. Code § 48-58-503
Current through Acts 2023-2024, ch. 1069
Unless limited by its charter, a corporation shall indemnify a director to the extent the director was successful, on the merits or otherwise, or who is immune from suit under § 48-58-601, 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.
T.C.A. § 48-58-503