Iowa Statutes
§ 504.853 — Mandatory indemnification
Iowa § 504.853
This text of Iowa § 504.853 (Mandatory indemnification) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Iowa Code § 504.853 (2026).
Text
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 the
director is or was a director of the corporation against reasonable expenses actually incurred
by the director in connection with the proceeding.
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Related
North Skunk River Greenbelt Association, Inc. v. Allen
(Court of Appeals of Iowa, 2019)
Nearby Sections
15
§ 504.1001
Authority to amend§ 504.1002
Amendment by directors§ 504.1003
Amendment by directors and members§ 504.1004
Class voting by members on amendments§ 504.1005
Articles of amendment§ 504.1006
Restated articles of incorporation§ 504.1008
Effect of amendment and restatement§ 504.101
Short title§ 504.1021
Amendment by directors§ 504.1022
Amendment by directors and members§ 504.1023
Class voting by members on amendments§ 504.1031
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Bluebook (online)
Iowa § 504.853, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/504.853.