27-1-7.5-9. Mandatory indemnification of director for expenses incurred in successful defense

IN Code § 27-1-7.5-9 (2019) (N/A)
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Sec. 9. 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 director is or was a director of the corporation against reasonable expenses incurred by the director in connection with the proceeding.

As added by P.L.266-1987, SEC.6.