Tenn. Code Ann. § 48-58-503: Mandatory indemnification
Where this section sits in the code
- TN Code
- Title 48
- Chapter 58
Unless limited by its charter, a corporation shall indemnify a director to the extent the director was successful, on the merits or otherwise, or who is immune from suit under § 48-58-601 , 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