{"data":{"id":"us-nc/n.c.-gen.-stat.-55-8-52","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 55-8-52","heading":"Mandatory indemnification.","body":"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.)","path":["Chapter 55. North Carolina Business Corporation Act.","Article 8. Directors and Officers.","Part 5. Indemnification."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_55/GS_55-8-52.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:57Z","sha256":"51a6088747d7b92c296839c50dd4ef0448af0f875b75a527ee18b5c71b8c0a9c","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-55-8-51","next":"us-nc/n.c.-gen.-stat.-55-8-53"},"notice":"GroundRules: Original legal text. Not legal advice."}