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. 2004 Acts, ch 1049, §103, 192 Referred to in §504.854 , 504.855 , 504.857 , 504.1612