Ind. Code § 23-17-16-9

Current through P.L. 171-2024
Section 23-17-16-9 - Director wholly successful in defense of proceeding

Unless limited by articles of incorporation, a corporation shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of a proceeding to which the director was a party, because the director is or was a director of the corporation, against reasonable expenses actually incurred by the director in connection with the proceeding.

IC 23-17-16-9

As added by P.L. 179-1991, SEC.1.