Unless limited by its articles of association, a cooperative 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 cooperative against reasonable expenses incurred by the director in connection with the proceeding.
98 Acts, ch 1152, §22, 69
Referred to in §501.415, 501.417, 501.418, 501.419, 501.712
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