Indiana Statutes
§ 23-1-37-9 — Mandatory indemnification of director against expenses
Indiana § 23-1-37-9
JurisdictionIndiana
Title 23BUSINESS AND OTHER ASSOCIATIONS
Art. 1INDIANA BUSINESS CORPORATION LAW
Ch. 37Indemnification of Directors, Officers, Employees, and
This text of Indiana § 23-1-37-9 (Mandatory indemnification of director against expenses) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 23-1-37-9 (2026).
Text
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"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 23-1-37-9, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/23-1-37-9.