Mandatory indemnification

La. Rev. Stat. § 12:1-852, under Corporations and Associations.

La. Rev. Stat. § 12:1-852

§1-852. 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 he or she was a director of the corporation against expenses incurred by the director in connection with the proceeding. Acts 2014, No. 328, §1, eff. Jan. 1, 2015.