Section 10A-1-6.11 Mandatory indemnification. (a) An enterprise shall indemnify a governing person or former governing person against reasonable expenses actually incurred by the person in connection with a proceeding in which the person is a respondent because the person is or was a governing person if the person is successful, on the merits or otherwise, […]
Section 10A-1-6.12 Court-ordered indemnification. (a) On application of a governing person, former governing person, or delegate and after notice is provided as required by the court, a court may order an enterprise to indemnify the person to the extent the court determines that the person is fairly and reasonably entitled to indemnification in view of […]
Section 10A-1-6.13 Limitations in governing documents. The certificate of formation of an enterprise may restrict the circumstances under which the enterprise must or may indemnify a person under this division. (Act 2009-513, p. 967, §50; Act 2016-379, §4.)
