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2023 Wyoming Statutes
Title 17 - Corporations, Partnerships and Associations
Chapter 19 - Wyoming Nonprofit Corporation Act
Article 8 - Directors and Officers
Section 17-19-852 - Mandatory Indemnification.
Universal Citation:
WY Stat § 17-19-852 (2023)
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17-19-852. 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 the director was a party because he is or was a director of the corporation against reasonable expenses actually incurred by the director in connection with the proceeding.
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