A corporation shall indemnify a director who was successful, on the merits or otherwise, in the defense of any proceeding to which the director was a party because the director was a director of the corporation against reasonable expenses incurred by the director in connection with the proceeding.
History. Code 1981, § 14-3-852 , enacted by Ga. L. 1991, p. 465, § 1; Ga. L. 1997, p. 1165, § 14.
Structure Georgia Code
Title 14 - Corporations, Partnerships, and Associations
Chapter 3 - Nonprofit Corporations
Article 8 - Directors and Officers
§ 14-3-851. Authority to Indemnify Director Involved in Legal Proceeding
§ 14-3-852. Indemnification for Reasonable Expenses of Successful Defense
§ 14-3-853. Advance or Reimbursement of Litigation Expenses
§ 14-3-854. Court Ordered Indemnification and Payment of Expenses
§ 14-3-855. Determination of Right and Authorization for Payment of Indemnification Required
§ 14-3-856. Indemnification of Officers, Employees, and Agents