Va. Code § 13.1-877: Mandatory indemnification
Where this section sits in the code
- Title 13.1. CORPORATIONS
- Chapter 10. VIRGINIA NONSTOCK CORPORATION ACT
- Article 9. INDEMNIFICATION
Unless limited by its articles of incorporation, a corporation shall indemnify a director who entirely prevails 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.Code 1950, § 13.1-205.1; 1968, c. 689; 1975, c. 500; 1981, c. 57; 1985, c. 522.
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