§ 271b-8-520

271B.8 -520 Mandatory indemnification. 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 aga inst reasonable expenses incurred by him in connection with the proceeding. Effective: January 1, 1989 History: Created 1988 Ky. Acts ch. 23, sec. 96, effective January 1, 1989.