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2018 Iowa Code
Title XII - BUSINESS ENTITIES
Chapter 501 - CLOSED COOPERATIVES
Section 501.413 - Mandatory indemnification.
Universal Citation: IA Code § 501.413 (2018)
501.413
Mandatory indemnification.
A cooperative 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 cooperative.
98 Acts, ch 1152, §22, 69; 2003 Acts, ch 66, §18
Referred to in §501.414, §501.415, §501.417, §501.712
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