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2012 Utah Code
Title 16 - Corporations
Article 6a - Utah Revised Nonprofit Corporation Act
Section 903 - Mandatory indemnification of directors.
Universal Citation:
UT Code ยง 16-6a-903 (2012)
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16-6a-903. Mandatory indemnification of directors.
(1) Unless limited by its bylaws, a nonprofit corporation shall indemnify a director described in Subsection (2) against reasonable expenses incurred by the director in connection with the proceeding or claim with respect to which the director has been successful.
(2) Subsection (1) applies to a director who was successful, on the merits or otherwise, in the defense of:
(a) any proceeding to which the director was a party because the director is or was a director of the nonprofit corporation; or
(b) any claim, issue, or matter in the proceeding, to which the director was a party because the director is or was a director of the nonprofit corporation.
Amended by Chapter 228, 2006 General Session
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