Maine Statutes
§ 13-C §853 — Mandatory indemnification
Maine § 13-C §853
This text of Maine § 13-C §853 (Mandatory indemnification) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Me. Rev. Stat. tit. 13-C, § 13-C §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 was a director of the corporation against reasonable expenses incurred by the director in connection with the proceeding.
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Legislative History
PL 2001, c. 640, §A2 (NEW). PL 2001, c. 640, §B7 (AFF).
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New election if objections filedCite This Page — Counsel Stack
Bluebook (online)
Maine § 13-C §853, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/13-C%20%C2%A7853.