GroundRules
← Search the law
Maine · Through October 1, 2025

13-C M.R.S. §853: Mandatory indemnification

Read at publisher ↗
Where this section sits in the code
  1. TITLE 13-C: MAINE BUSINESS CORPORATION ACT
  2. CHAPTER 8: DIRECTORS AND OFFICERS
  3. SUBCHAPTER 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 was a director of the corporation against reasonable expenses incurred by the director in connection with the proceeding.

Collected 2026-09-04T15:12:27Z. Source file · JSON

Browse this collection