504.853 - MANDATORY INDEMNIFICATION. - Iowa Statutes

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Statutes > Iowa > Title-12 > Subtitle-5 > Chapter-504 > 504-853

504.853 MANDATORY INDEMNIFICATION. 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.

Section History: Recent Form

2004 Acts, ch 1049, §103, 192 Referred to in § 504.854, 504.855, 504.857, 504.1612

State Codes and Statutes

Statutes > Iowa > Title-12 > Subtitle-5 > Chapter-504 > 504-853

504.853 MANDATORY INDEMNIFICATION. 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.

Section History: Recent Form

2004 Acts, ch 1049, §103, 192 Referred to in § 504.854, 504.855, 504.857, 504.1612

State Codes and Statutes

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State Codes and Statutes

Statutes > Iowa > Title-12 > Subtitle-5 > Chapter-504 > 504-853

504.853 MANDATORY INDEMNIFICATION. 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.

Section History: Recent Form

2004 Acts, ch 1049, §103, 192 Referred to in § 504.854, 504.855, 504.857, 504.1612