There Is a Newer Version
of
this Section
2023 Indiana Code
Title 27. Insurance
Article 1. Department of Insurance
Chapter 7.5. Indemnification of Directors
27-1-7.5-9. Mandatory Indemnification of Director for Expenses Incurred in Successful Defense
Universal Citation:
IN Code § 27-1-7.5-9 (2023)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
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.266-1987, SEC.6.
Disclaimer: These codes may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
