Indiana Statutes
§ 23-17-16-9 — Director wholly successful in defense of proceeding
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 17 NONPROFIT CORPORATIONS·Ch. 16 Indemnification
Unless limited by articles of incorporation, a
corporation shall indemnify a director who was wholly successful, on
the merits or otherwise, in the defense of a 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
Castlewood Property Owners Ass'n, Inc. v. Trepton
720 N.E.2d 10 (Indiana Court of Appeals, 1999)
Castlewood v. Trepton
(Indiana Supreme Court, 1999)
Legislative History
As added by P.L.179-1991, SEC.1.
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"