Statutes, codes, and regulations
Indiana Code
Title 27 - INSURANCEArticle 1 - DEPARTMENT OF INSURANCE
Chapter 7.5 - INDEMNIFICATION OF DIRECTORS
Section 27-1-7.5-9 - Mandatory indemnification of director for expenses incurred in successful defense

Ind. Code § 27-1-7.5-9

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Current through P.L. 171-2024
Section 27-1-7.5-9 - Mandatory indemnification of director for expenses incurred in successful defense

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 27-1-7.5-9

As added by P.L. 266-1987, SEC.6.