A nonprofit corporation shall indemnify a director or officer to the extent the director or officer was successful, on the merits or otherwise, in the defense of any proceeding to which the director or officer was a party because the director or officer was a director or officer of the corporation against reasonable expenses incurred by the director or officer in connection with the proceeding.
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)
This section is referenced in § 29-406.53, § 29-406.54, and § 29-406.56.
Structure District of Columbia Code
Title 29 - Business Organizations. [Enacted title]
Chapter 4 - Nonprofit Corporations
Subchapter VI - Directors, Officers, and Employees
Part E - Indemnification and Advance for Expenses
§ 29–406.51. Permissible indemnification
§ 29–406.52. Mandatory indemnification
§ 29–406.53. Advance for expenses
§ 29–406.54. Court-ordered indemnification and advance for expenses
§ 29–406.55. Determination and authorization of indemnification