Montana Statutes
§ 35-14-852 — Mandatory Indemnification
Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 14 MONTANA BUSINESS CORPORATION ACT·Part 8 Directors and Officers
35-14-852 . Mandatory indemnification. 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 expenses incurred by the director in connection with the proceeding.
Free access — add to your briefcase to read the full text and ask questions with AI
Montana § 35-14-852 (Mandatory Indemnification) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 121, Ch. 271, L. 2019.
Nearby Sections
15
§ 35-14-1001
Authority To Amend§ 35-14-1002
Amendment Before Issuance Of Shares§ 35-14-1003
Amendment By Board Of Directors And Shareholders§ 35-14-1004
Voting On Amendments By Voting Groups§ 35-14-1005
Amendment By Board Of Directors§ 35-14-1006
Articles Of Amendment§ 35-14-1007
Restated Articles Of Incorporation§ 35-14-1008
Amendment Pursuant To Reorganization§ 35-14-1009
Effect Of Amendment§ 35-14-101
Short Title§ 35-14-1010
Through 35-14-1019 Reserved§ 35-14-102
Reservation Of Power To Amend Or Repeal§ 35-14-1020
Authority To Amend