Mandatory indemnification of director for expenses of successful defense of proceeding

Ind. Code § 28-13-13-9
in effect
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Sec. 9. 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 the director is or was a director of the corporation against reasonable expenses incurred by the director in connection with the proceeding. As added by P.L.14-1992, SEC.163.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/28Fetched: 10/17/2026
Ind. Code § 28-13-13-9 — Mandatory indemnification of director for expenses of successful defense of proceeding | Indiana Code (Aug. 2026 snapshot) | Corpus