The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
005
:
INDEMNIFICATION
(Cite as: 11B V.S.A. § 8.52)
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§ 8.52. Mandatory indemnification
Unless limited by its articles of incorporation, 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 is or was a director of the corporation
against reasonable expenses, reasonably incurred by the director in connection with
the proceeding. (Added 1995, No. 179 (Adj. Sess.), § 1, eff. Jan. 1, 1997.)