§ 8.52 — Mandatory indemnification

Massachusetts § 8.52

• Jurisdiction: Massachusetts
• Part I: ADMINISTRATION OF THE GOVERNMENT
• Title XXII: CORPORATIONS
• Ch. 156D: BUSINESS CORPORATIONS

Text

Section 8.52. MANDATORY INDEMNIFICATIONA corporation shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which he was a party because he was a director of the corporation against reasonable expenses incurred by him in connection with the proceeding.