IC 27-1-7.5-9: Mandatory indemnification of director for expenses incurred in successful defense
Where this section sits in the code
- TITLE 27. INSURANCE
- ARTICLE 1. DEPARTMENT OF INSURANCE
- 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