Mandatory Indemnification

Ala. Code § 10A-2A-8.52 — under Title 10A.

Ala. Code § 10A-2A-8.52

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 he or she was a director of the corporation against expenses incurred by the director in connection with the proceeding.

History: (Act 2019-94, §1.)