13-C M.R.S. §853: Mandatory indemnification
Where this section sits in the code
- TITLE 13-C: MAINE BUSINESS CORPORATION ACT
- CHAPTER 8: DIRECTORS AND OFFICERS
- 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