GroundRules
Iowa Code § 501.413: Mandatory indemnification.
Where this section sits in the code
- Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)
- Chapter 501 - CLOSED COOPERATIVES
- Subchapter IV - DIRECTORS, OFFICERS, AND AGENTS
- Part 2 - INDEMNIFICATION
A cooperative 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 cooperative.
Collected 2026-09-14T19:40:12Z. Source file · JSON