Vt. Stat. tit. 11C § 903
Current through L. 2024, c. 185.
Unless limited by its articles of organization, an enterprise 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 enterprise against reasonable expenses incurred by the director in connection with the proceeding.
11C V.S.A. § 903