16-10a-903 - Mandatory indemnification of directors. - Utah Statutes

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16-10a-903. Mandatory indemnification of directors.
Unless limited by its articles of incorporation, a corporation shall indemnify a directorwho was successful, on the merits or otherwise, in the defense of any proceeding, or in thedefense of any claim, issue, or matter in the proceeding, to which he was a party because he is orwas a director of the corporation, against reasonable expenses incurred by him in connection withthe proceeding or claim with respect to which he has been successful.

Enacted by Chapter 277, 1992 General Session

State Codes and Statutes

Statutes > Utah > Title-16 > Chapter-10a > 16-10a-903

16-10a-903. Mandatory indemnification of directors.
Unless limited by its articles of incorporation, a corporation shall indemnify a directorwho was successful, on the merits or otherwise, in the defense of any proceeding, or in thedefense of any claim, issue, or matter in the proceeding, to which he was a party because he is orwas a director of the corporation, against reasonable expenses incurred by him in connection withthe proceeding or claim with respect to which he has been successful.

Enacted by Chapter 277, 1992 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-16 > Chapter-10a > 16-10a-903

16-10a-903. Mandatory indemnification of directors.
Unless limited by its articles of incorporation, a corporation shall indemnify a directorwho was successful, on the merits or otherwise, in the defense of any proceeding, or in thedefense of any claim, issue, or matter in the proceeding, to which he was a party because he is orwas a director of the corporation, against reasonable expenses incurred by him in connection withthe proceeding or claim with respect to which he has been successful.

Enacted by Chapter 277, 1992 General Session