Indemnification of expenses of successful director's defense or proceeding

S.C. Code Ann. § 33-46-530, under Title 33, Chapter 46.

S.C. Code Ann. § 33-46-530

Unless limited by its articles of incorporation, a telephone cooperative 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 cooperative against reasonable expenses incurred by him in connection with the proceeding.