There Is a Newer Version
of
the Kentucky Revised Statutes
2006 Kentucky Revised Statutes - .520 Mandatory indemnification.
271B.8-520 Mandatory indemnification. 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 he was a party because he is or
was a director of the corporation against reasonable expenses
incurred by him in connection with the proceeding.
Effective: January 1, 1989 History: Created 1988 Ky.
Acts ch. 23, sec. 96, effective January 1, 1989.
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