Utah Code § 16-10a-903

Current with legislation effective through 5/2/2024
Section 16-10a-903 - Mandatory indemnification of directors

Unless limited by its articles of incorporation, a corporation shall indemnify a director who was successful, on the merits or otherwise, in the defense of any proceeding, or in the defense of any claim, issue, or matter in the proceeding, to which he was a party because he is or was a director of the corporation, against reasonable expenses incurred by him in connection with the proceeding or claim with respect to which he has been successful.

Utah Code § 16-10a-903

Enacted by Chapter 277, 1992 General Session