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2018 Indiana Code
TITLE 23. Business and other Associations
ARTICLE 17. NONPROFIT CORPORATIONS
CHAPTER 16. Indemnification
23-17-16-9. Director wholly successful in defense of proceeding
Universal Citation: IN Code § 23-17-16-9 (2018)
IC 23-17-16-9 Director wholly successful in defense of proceeding
Sec. 9. Unless limited by articles of incorporation, a corporation shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of a proceeding to which the director was a party, because the director is or was a director of the corporation, against reasonable expenses actually incurred by the director in connection with the proceeding.
As added by P.L.179-1991, SEC.1.
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