490.852 - MANDATORY INDEMNIFICATION.
490.852 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 the director is or was a director of the corporation against reasonable expenses incurred by the director in connection with the proceeding.
Section History: Recent Form 89 Acts, ch 288, §100; 2002 Acts, ch 1154, §46, 125 Referred to in § 490.853, 490.854, 490.856, 491.3, 491.16, 497.34, 498.36, 499.59A, 508C.16, 524.801, 534.605, 534.607