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§ 27-1-7-5-9 — Indiana Law | CourtGPT
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  2. Laws/
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  4. Title 27 - Insurance/
  5. Article 1 - Department of Insurance/
  6. Chapter 7.5 - Indemnification of Directors27-1-7.5-1. "Corporation" Defined/
  7. § 27-1-7-5-9
Indiana Legal Code

§ 27-1-7-5-9

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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 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.As added by P.L.266-1987, SEC.6.