Code of Alabama - Title 10A: Alabama Business and Nonprofit Entities Code - Section 10A-2A-8.52 - Mandatory indemnification

Section 10A-2A-8.52 - 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 he or she was a director of the corporation against expenses incurred by the director in connection with the proceeding.

(Act 2019-94, §1.)

Last modified: May 3, 2021