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Mandatory indemnification.

Iowa Code § 504.853
in effect
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504.853. 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 because the director is or was a director of the corporation against reasonable expenses actually incurred by the director in connection with the proceeding. 2004 Acts, ch 1049, §103, 192
Source: Iowa Legislature (legis.iowa.gov)URL: https://www.legis.iowa.gov/docs/code/2026/504.853.pdfFetched: 10/20/2026

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