Mandatory indemnification

W.S. § 17-19-852 — under Chapter 19 — Wyoming Nonprofit Corporation Act.

W.S. § 17-19-852

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