Sec. 9. 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 the director is or was a director of the corporation against reasonable expenses incurred by the director in connection with the proceeding.
As added by P.L.14-1992, SEC.163.
Structure Indiana Code
Title 28. Financial Institutions
Article 13. Corporate Governance
Chapter 13. Indemnification of Directors
28-13-13-1. "Corporation" Defined
28-13-13-2. "Director" Defined; Scope of Term
28-13-13-3. "Expenses" Defined
28-13-13-4. "Liability" Defined
28-13-13-5. "Official Capacity" Defined; Scope of Term
28-13-13-7. "Proceeding" Defined
28-13-13-8. Conditional Indemnification of Director Against Liability
28-13-13-9. Mandatory Indemnification of Director for Expenses of Successful Defense of Proceeding
28-13-13-10. Advancement of Expenses Before Final Disposition of Proceeding; Conditions; Procedure
28-13-13-11. Court Ordered Indemnification; Determination
28-13-13-12. Standards for Conditional Determinations and Authorizations; Procedure
28-13-13-13. Indemnification of Corporate Officers and Employees Other Than Directors
28-13-13-14. Liability Insurance Purchased and Maintained by Corporation