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.
N.H. Rev. Stat. Ann. § 293-A:8.52
Mandatory Indemnification
Known as the New Hampshire Business Corporation Act
The act spans §§ 293-A:10.01 to 293-A:9.56 (230 sections).
Source. 2013, 142:1, eff
Official source: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.