Utah Code 16-6a-903. Mandatory indemnification of directors
Current as of: 2023 | Check for updates
|
Other versions
(1) | Unless limited by its bylaws, a nonprofit corporation shall indemnify a director described in Subsection (2) against reasonable expenses incurred by the director in connection with the proceeding or claim with respect to which the director has been successful. |
(i) | amended bylaws; and |
(ii) | restated bylaws. See Utah Code 16-6a-102 | ||||
(2) | Subsection (1) applies to a director who was successful, on the merits or otherwise, in the defense of:
|
Amended by Chapter 228, 2006 General Session