§414D-161 - Mandatory indemnification.
[§414D-161] 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 the director was a party because the
director is or was a director of the corporation, against reasonable expenses
actually incurred by the director in connection with the proceeding. [L 2001, c
105, pt of §1]