State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter21 > 21-1998

21-1998. 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 he or she is or was a director of the corporation against reasonable expenses actually incurred by the director in connection with the proceeding. SourceLaws 1996, LB 681, § 98.