Delaware Statutes

§ 516 — Indemnification

Delaware·Title 22·Ch. 5 PARKING AUTHORITIES
(a)The Wilmington Parking Authority shall indemnify any member who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that the person is or was a member of the Authority, against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such member in connection with such action, suit or proceeding, if said member acted in good faith and in a manner reasonably believe to be in or not opposed to the best interests of the Authority, and with respect to any criminal proceeding or action, the member had no reasonable cause to believe that the action was unlawful.
(b)Any indemnifi

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Legislative History

68 Del. Laws, c. 401, § 2 ; 70 Del. Laws, c. 186, § 1

Nearby Sections

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