Unless limited by its articles of incorporation, a banking institution 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 of being a director of the banking institution against reasonable expenses incurred by the director in connection with the proceeding. [1989 c.324 §19; 1997 c.631 §108]
Section: Previous 707.710 707.720 707.730 707.735 707.740 707.744 707.746 707.748 707.749 707.750 707.752 707.754 707.755 707.756 707.758 NextLast modified: August 7, 2008