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2010 Hawaii Code
DIVISION 2. BUSINESS
TITLE 23. CORPORATIONS AND PARTNERSHIPS
414. Hawaii Business Corporation Act
§414-243 Mandatory indemnification.


HI Rev Stat § 414-243 (2010 through Reg Sess) What's This?

[§414-243] Mandatory indemnification. 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 was a director of the corporation against reasonable expenses incurred by the director in connection with the proceeding. [L 2000, c 244, pt of §1]

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