Iowa Code § 504.853

Current through bills signed by governor as of 5/17/2024
Section 504.853 - Mandatory indemnification

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 actually incurred by the director in connection with the proceeding.

Iowa Code § 504.853

2004 Acts, ch 1049, §103, 192

Referred to in §504.854, 504.855, 504.857, 504.1612