Ind. Code § 27-1-7.5-9
Mandatory indemnification of director for expenses incurred in successful defense
Indiana · Indiana Code Title 27 — Insurance · Status: effective
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- Citation
- Ind. Code § 27-1-7.5-9, Mandatory indemnification of director for expenses incurred in successful defense, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1661575
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Full text
Sec. 9. 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 the director is or was a director of the corporation against reasonable expenses incurred by the director in connection with the proceeding.