Connecticut Statutes

§ 33-772 — Mandatory indemnification.

Connecticut·Title 33 Corporations·Ch. 601 Business Corporations
A corporation shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which he was a party because he was a director of the corporation against reasonable expenses incurred by him in connection with the proceeding.

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Related

Giulietti v. Giulietti, No. X03 Cv-98-0492096s (Dec. 16, 1999)
1999 Conn. Super. Ct. 16187 (Connecticut Superior Court, 1999)

Legislative History

(P.A. 94-186, S. 109, 215; P.A. 96-271, S. 78, 254; P.A. 97-246, S. 14, 99.) History: P.A. 94-186 effective January 1, 1997; P.A. 96-271 replaced “articles” of incorporation with “certificate” of incorporation, effective January 1, 1997; P.A. 97-246 deleted provision that subjected the indemnification requirement to any limitation contained in the certificate of incorporation and made a technical change, effective June 27, 1997.

Nearby Sections

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