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North Carolina · Through S.L. 2026-30

N.C. Gen. Stat. § 55-8-52: Mandatory indemnification.

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Where this section sits in the code
  1. Chapter 55. North Carolina Business Corporation Act.
  2. Article 8. Directors and Officers.
  3. Part 5. 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 he was a party because he is or was a director of the corporation against reasonable expenses incurred by him in connection with the proceeding. (1955, c. 1371, s. 1; 1969, c. 797, ss. 2, 3; 1973, c. 469, s. 6; 1985 (Reg. Sess., 1986), c. 1027, ss. 39, 40; 1989, c. 265, s. 1.)

Collected 2026-08-27T18:05:57Z. Source file · JSON

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