23-17-16-9. Director wholly successful in defense of proceeding

IN Code § 23-17-16-9 (2019) (N/A)
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Sec. 9. Unless limited by articles of incorporation, a corporation shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of a proceeding to which the director was a party, because the director is or was a director of the corporation, against reasonable expenses actually incurred by the director in connection with the proceeding.

As added by P.L.179-1991, SEC.1.