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Montana · Through Montana Code Annotated 2025

35-2-448: Mandatory indemnification.

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Where this section sits in the code
  1. TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS
  2. CHAPTER 2. NONPROFIT CORPORATIONS
  3. Part 4. Directors and Officers -- Indemnification

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 individual is or was a director of the corporation, against reasonable expenses actually incurred by the director in connection with the proceeding.

Collected 2026-09-14T04:53:09Z. Source file · JSON

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