Section 47-1A-852 - Mandatory indemnification. - South Dakota Statutes

47-1A-852. 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 the director was a party by reason of being a director of the corporation, against reasonable expenses incurred in connection with the proceeding.

Source: SL 2005, ch 239, § 174.