A corporation shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which he was a party because he was a director of the corporation against reasonable expenses incurred by him in connection with the proceeding.
Structure Mississippi Code
Title 79 - Corporations, Associations, and Partnerships
Chapter 4 - Mississippi Business Corporation Act
Article 8 - Directors and Officers
§ 79-4-8.50. Subarticle definitions
§ 79-4-8.51. Authority to indemnify
§ 79-4-8.52. Mandatory indemnification
§ 79-4-8.53. Advance for expenses
§ 79-4-8.54. Court-ordered indemnification
§ 79-4-8.55. Determination and authorization of indemnification
§ 79-4-8.56. Indemnification of officers