16-6a-903. Mandatory
indemnification of directors.
(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.
(2) Subsection (1) applies to a director who was successful,
on the merits or otherwise, in the defense of:
(a) any proceeding to which the director was a party
because the director is or was a director of the nonprofit corporation; or
(b) any claim, issue, or matter in the proceeding, to
which the director was a party because the director is or was a director of the
nonprofit corporation.
Amended by Chapter 228, 2006 General Session