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2012 Utah Code
Title 16 - Corporations
Article 10a - Utah Revised Business Corporation Act
Section 903 - Mandatory indemnification of directors.
Universal Citation:
UT Code ยง 16-10a-903 (2012)
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16-10a-903. Mandatory indemnification of directors.
Unless limited by its articles of incorporation, a corporation shall indemnify a director who was successful, on the merits or otherwise, in the defense of any proceeding, or in the defense of any claim, issue, or matter in the 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 or claim with respect to which he has been successful.
Enacted by Chapter 277, 1992 General Session
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