Montana § 35-2-448 Mandatory Indemnification

Montana Statutes

§ 35-2-448 — Mandatory Indemnification

Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 2 NONPROFIT CORPORATIONS·Part 4 Directors and Officers -- Indemnification

35-2-448 . Mandatory indemnification. 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 individual is or was a director of the corporation, against reasonable expenses actually 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

35-2-448 . Mandatory indemnification. 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 individual is or was a director of the corporation, against reasonable expenses actually incurred by the director in connection with the proceeding.

Montana § 35-2-448 (Mandatory Indemnification) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.