Vt. Stat. tit. 11B § 8.52
Current through L. 2024, c. 185.
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 or she is or was a director of the corporation against reasonable expenses, reasonably incurred by the director in connection with the proceeding.
11B V.S.A. § 8.52