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.
Section: Previous 4-33-851 4-33-852 4-33-853 4-33-854 4-33-855 4-33-856 4-33-857 4-33-858 NextLast modified: November 15, 2016