{"data":{"id":"us-vt/11c-v.s.a.-903","jurisdiction":"us-vt","citation":"11C V.S.A. § 903","heading":"Mandatory indemnification","body":"Unless limited by its articles of organization, an enterprise 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 enterprise against reasonable expenses incurred by the director in connection with the proceeding.","path":["Title 11C: Mutual Benefit Enterprises","Chapter 009: Indemnification"],"source_url":"https://legislature.vermont.gov/statutes/section/11C/009/00903","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T16:24:57Z","sha256":"4d6304048f2908a9f262ea762b2464c9b1848667cc44b139b9441f6ae9f7f14b","source_id":"us-vt","stale":false,"prev":"us-vt/11c-v.s.a.-902","next":"us-vt/11c-v.s.a.-904"},"notice":"GroundRules: Original legal text. Not legal advice."}