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 or she was a director of the corporation against expenses incurred by the director in connection with the proceeding.
Idaho Code § 30-29-852
Mandatory indemnification
Known as the Idaho Business Corporation Act
The act spans §§ 30–30 (209 sections).
I.C., § 30-29 -852, as added by 2015, ch. 243, § 63, p. 758; am. 2019, ch. 90, § 100, p. 220.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.