Nebraska Statutes

§ 21-1998 — Mandatory indemnification

Nebraska·Ch. 21 Corporations and Other Companies
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 he or she 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

Nebraska § 21-1998 (Mandatory indemnification) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: Laws 1996, LB 681, § 98.

Nearby Sections

15
View on official source ↗