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Utah Code Title 16. Corporations § 16-6a-903. Mandatory indemnification of directors

Current as of January 01, 2025 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Utah Code Title 16. Corporations § 16-6a-903. Mandatory indemnification of directors - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-16-corporations/ut-code-sect-16-6a-903/

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