Tenn. Code Ann. § 48-18-503: Mandatory indemnification
Where this section sits in the code
- TN Code
- Title 48
- Chapter 18
Unless limited by its charter, 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 is or was a director of the corporation against reasonable expenses incurred by the director in connection with the proceeding.
Collected 2026-09-14T18:32:26Z. Source file · JSON