Indiana Statutes
§ 23-1-37-9 — Mandatory indemnification of director against expenses
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 1 INDIANA BUSINESS CORPORATION LAW·Ch. 37 Indemnification of Directors, Officers, Employees, and
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 the director is or was a director of the
corporation against reasonable expenses incurred by the director in
connection with the proceeding.
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Related
HAAG TRUCKING CO., INC. v. Haag
896 N.E.2d 1207 (Indiana Court of Appeals, 2008)
Legislative History
As added by P.L.149-1986, SEC.21.
Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"