§414D-161 - Mandatory indemnification.
[§414D-161] Mandatory indemnification. Unless limited by its articles of incorporation, a corporation shall indemnifya director who was wholly successful, on the merits or otherwise, in thedefense of any proceeding to which the director was a party because thedirector is or was a director of the corporation, against reasonable expensesactually incurred by the director in connection with the proceeding. [L 2001, c105, pt of §1]