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§ 28-13-13-9 — Indiana Law | CourtGPT
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  2. Laws/
  3. Indiana/
  4. Title 28 - Financial Institutions/
  5. Article 13 - Corporate Governance/
  6. Chapter 13 - Indemnification of Directors28-13-13-1. "Corporation" Defined/
  7. § 28-13-13-9
Indiana Legal Code

§ 28-13-13-9

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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.14-1992, SEC.163.