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§ 23-17-16-9 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 23 - Business and Other Associations/
  5. Article 17 - Nonprofit Corporations/
  6. Chapter 16 - Indemnification23-17-16-1. Corporation Defined/
  7. § 23-17-16-9
Indiana Legal Code

§ 23-17-16-9

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Unless limited by articles of incorporation, a corporation shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of a proceeding to which the director was a party, because the director is or was a director of the corporation, against reasonable expenses actually incurred by the director in connection with the proceeding.As added by P.L.179-1991, SEC.1.