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 was a director of the corporation against reasonable expenses incurred by him in connection with the proceeding.Laws, 1987, ch. 486, § 8.52; Laws, 1996, ch. 459, § 5, eff. 1/1/1997.
Mississippi Legal Code