GroundRules
Iowa Code § 490.852: Mandatory indemnification.
Where this section sits in the code
- Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)
- Chapter 490 - BUSINESS CORPORATIONS
- Subchapter VIII - DIRECTORS AND OFFICERS
- Part 5 - INDEMNIFICATION AND ADVANCE FOR EXPENSES
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 expenses incurred by the director in connection with the proceeding.
Collected 2026-09-14T19:40:12Z. Source file · JSON