™Your Policy Risk Impact Agent
30 chapters · 1,466 sections in this title.
Iowa Code § 504.853 Mandatory indemnification.
0.4K chars
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 dir…
Iowa Code § 504.854 Advance for expenses.
2.1K chars
1. A corporation may, before final disposition of a proceeding, advance funds to pay for or reimburse the reasonable expenses incurred by a director who is a party to a proceeding because the person is a director if the person delivers all of the following to the corporation: a. …
Iowa Code § 504.855 Court-ordered indemnification.
2.1K chars
1. A director who is a party to a proceeding because the person is a director may apply for indemnification or an advance for expenses to the court conducting the proceeding or to another court of competent jurisdiction. After receipt of an application, and after giving any notic…
Iowa Code § 504.856 Determination and authorization of indemnification.
1.6K chars
1. A corporation shall not indemnify a director under section 504.852 unless authorized for a specific proceeding after a determination has been made that indemnification of the director is permissible because the director has met the standard of conduct set forth in section 504.…