504.853 - MANDATORY INDEMNIFICATION.
504.853 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 actually incurred by the director in connection with the proceeding.
Section History: Recent Form 2004 Acts, ch 1049, §103, 192 Referred to in § 504.854, 504.855, 504.857, 504.1612