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.
89 Acts, ch 288, §100
Referred to in § 490.854, 490.856, 490.857, 490.858, 490.1621, 491.3, 491.16, 497.34, 498.36, 499.59A, 504A.4, 508C.16, 524.801, 524.1213, 533.4, 534.605, 534.607
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