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 the director was a director of the corporation against reasonable expenses incurred by the director in connection with the proceeding.
Haw. Rev. Stat. § 414-243
Mandatory indemnification
Known as the Hawaii Business Corporation Act
The act spans §§ 414–414 (199 sections).
L 2000, c 244, pt of §1
Official source: Hawaii State Legislature. Reproduced from public-domain Hawaii statutes; confirm against the official source for the current text. Not legal advice.