Utah § 16-10a-903 Mandatory indemnification of directors.

Utah Statutes

§ 16-10a-903 — Mandatory indemnification of directors.

Utah § 16-10a-903

Title 16Corporations

Ch. 16-10aUtah Revised Business Corporation Act

Part 16-10a-9Indemnification

This text of Utah § 16-10a-903 (Mandatory indemnification of directors.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 16-10a-903 (2026).

Text

Unless limited by its articles of incorporation, a corporation shall indemnify a director who was successful, on the merits or otherwise, in the defense of any proceeding, or in the defense of any claim, issue, or matter in the proceeding, to which the director was a party because the director is or was a director of the corporation, against reasonable expenses incurred by the director in connection with the proceeding or claim with respect to which the director has been successful.

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Unless limited by its articles of incorporation, a corporation shall indemnify a director who was successful, on the merits or otherwise, in the defense of any proceeding, or in the defense of any claim, issue, or matter in the proceeding, to which the director was a party because the director is or was a director of the corporation, against reasonable expenses incurred by the director in connection with the proceeding or claim with respect to which the director has been successful.