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Indiana · Snapshot 2026

IC 27-1-7.5-9: Mandatory indemnification of director for expenses incurred in successful defense

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Where this section sits in the code
  1. TITLE 27. INSURANCE
  2. ARTICLE 1. DEPARTMENT OF INSURANCE
  3. Chapter 7.5. Indemnification of Directors

Sec. 9. 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 proceeding to which the director was a party because the director is or was a director of the corporation against reasonable expenses incurred by the director in connection with the proceeding.

Collected 2026-09-25T05:39:04Z. Source file · JSON

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