2011 Wisconsin Code
Chapter 180. Business corporations.
180.0856 Indemnification and allowance of expenses of employees and agents.

180.0856

180.0856 Indemnification and allowance of expenses of employees and agents.

180.0856(1)

(1) A corporation shall indemnify an employee who is not a director or officer of the corporation, to the extent that he or she has been successful on the merits or otherwise in defense of a proceeding, for all reasonable expenses incurred in the proceeding if the employee was a party because he or she was an employee of the corporation.

180.0856(2)

(2) In addition to the indemnification required by sub. (1), a corporation may indemnify and allow reasonable expenses of an employee or agent who is not a director or officer of the corporation to the extent provided by the articles of incorporation or bylaws, by general or specific action of the board of directors or by contract.

180.0856 - ANNOT.

History: 1989 a. 303; 1991 a. 16.