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2022 Indiana Code
Title 23. Business and Other Associations
Article 1. Indiana Business Corporation Law
Chapter 37. Indemnification of Directors, Officers, Employees, and Agents
23-1-37-9. Mandatory Indemnification of Director Against Expenses
Universal Citation: IN Code § 23-1-37-9 (2022)
Sec. 9. 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.
As added by P.L.149-1986, SEC.21.
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