Statutes > Arkansas Statutes > Title 4 - Business and Commercial Law > Subtitle 3 - Corporations And Associations > Chapter 33 - The Arkansas Nonprofit Corporation Act of 1993 > Subchapter 8 - Directors and Officers > T - A -- Board of Directors > § 4-33-852 - Mandatory indemnification.

§ 4-33-852 - Mandatory indemnification.

4-33-852. Mandatory indemnification.

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.