Virginia Statutes
§ 13.1-877 — Mandatory indemnification
Virginia § 13.1-877
JurisdictionVirginia
Title 13.1CORPORATIONS
Ch. 10VIRGINIA NONSTOCK CORPORATION ACT
Art. 9INDEMNIFICATION
This text of Virginia § 13.1-877 (Mandatory indemnification) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 13.1-877 (2026).
Text
Unless limited by its articles of incorporation, a corporation shall indemnify a director who entirely prevails in the defense of any proceeding to which he was a party because he is or was a director of the corporation against reasonable expenses incurred by him in connection with the proceeding.
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Legislative History
Code 1950, § 13.1-205.1; 1968, c. 689; 1975, c. 500; 1981, c. 57; 1985, c. 522.
Nearby Sections
15
§ 13.1-1
Repealed§ 13.1-1000
Short title§ 13.1-1001
Reservation of power to amend or repeal§ 13.1-1001.1
Construction§ 13.1-1002
Definitions§ 13.1-1003
Filing requirements§ 13.1-1005
Fees§ 13.1-1006
Penalty for signing false documents§ 13.1-1007
Unlawful to transact or offer to transact business as a limited liability company unless authorized§ 13.1-1008
Purposes§ 13.1-1009
Powers§ 13.1-1010
Organizers§ 13.1-1010.1
RepealedCite This Page — Counsel Stack
Bluebook (online)
Virginia § 13.1-877, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/13.1/13.1-877.