N.C. Gen. Stat. § 58-65-168: Mandatory indemnification.
Where this section sits in the code
- Chapter 58. Insurance.
- Article 65. Hospital Service Corporations.
- Part 2. 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. (1989 (Reg. Sess., 1990), c. 1071, s. 1.)
Collected 2026-08-27T18:06:53Z. Source file · JSON