Ind. Code § 28-13-13-9
Mandatory indemnification of director for expenses of successful defense of proceeding
Indiana · Indiana Code Title 28 — Financial Institutions · Status: effective
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- Citation
- Ind. Code § 28-13-13-9, Mandatory indemnification of director for expenses of successful defense of proceeding, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1667095
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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.