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Section 8.52: Mandatory Indemnification
Section 8.52. 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 he was a party because he was a director of the corporation against reasonable expenses incurred by him in connection with the proceeding.
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Local Government
Massachusetts
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Charlie Baker
January 8, 2015 -
Republican
1-617-727-7030
One Ashburton Place, Room 1611, Boston, MA, 02108
Keywords
corporation
156d
corporations
business
xxii
government
proceeding
party
expenses
connection