Fla. Stat. § 607.0852: Mandatory indemnification.

A corporation must indemnify an individual who is or was a director or officer who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the individual was a party because he or she is or was a director or officer of the corporation against expenses incurred by the individual in connection with the proceeding.

History.—s. 109, ch. 2019-90.