Section 23B.08.520. Mandatory indemnification.

Latest version.

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 of being a director of the corporation against reasonable expenses incurred by the director in connection with the proceeding.

[ 1989 c 165 § 107.]

1989 c 165 § 107.

                    
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