Section 8.52 - Mandatory Indemnification

MA Gen L ch 156d § 8.52 (2019) (N/A)
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Section 8.52. MANDATORY INDEMNIFICATION

A corporation shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which he was a party because he was a director of the corporation against reasonable expenses incurred by him in connection with the proceeding.