§ 55A-8-52 - Mandatory indemnification.

NC Gen Stat § 55A-8-52 (2019) (N/A)
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55A-8-52. Mandatory indemnification.

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 proceedings to which the director was a party because he is or was a director of the corporation against reasonable expenses actually incurred by the director in connection with the proceeding.