Mandatory indemnification

KRS § 271B.8-520, under BUSINESS CORPORATIONS.

KRS § 271B.8-520

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 he was a party because he is or was a director of the corporation against reasonable expenses incurred by him in connection with the proceeding.