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2021 Georgia Code
Title 14 - Corporations, Partnerships, and Associations
Chapter 3 - Nonprofit Corporations
Article 8 - Directors and Officers
Part 5 - Indemnification
§ 14-3-852. Indemnification for Reasonable Expenses of Successful Defense
Universal Citation:
GA Code § 14-3-852 (2021)
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A corporation shall indemnify a director who was successful, on the merits or otherwise, in the defense of any proceeding to which the director was a party because the director was a director of the corporation against reasonable expenses incurred by the director in connection with the proceeding.
(Code 1981, §14-3-852, enacted by Ga. L. 1991, p. 465, § 1; Ga. L. 1997, p. 1165, § 14.)
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