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2019 Louisiana Laws
Revised Statutes
Title 12 - Corporations and Associations
§1-852. Mandatory indemnification
Universal Citation: LA Rev Stat § 12:1-852 (2019)
RS 1-852 - Mandatory indemnification
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 he or she was a director of the corporation against expenses incurred by the director in connection with the proceeding.
Acts 2014, No. 328, §1, eff. Jan. 1, 2015.
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