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Indemnification for reasonable expenses of successful defense.

O.C.G.A. § 14-3-852
in effect
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14-3-852. Indemnification for reasonable expenses of successful defense. A corporation shall indemnify a director who was successful, on the merits or otherwise, in the defense of any proceeding to which the director was a party because the director was a director of the corporation against reasonable expenses incurred by the director in connection with the proceeding. (Code 1981, § 14-3-852, enacted by Ga. L. 1991, p. 465, § 1; Ga. L. 1997, p. 1165, § 14.) (Amended by Ga. L. 2023, Act 260 (SB 148), eff. July 1, 2023.)
Source: Official Code of Georgia (Legislative Counsel's copy via Public.Resource.Org) + acts (legis.ga.gov)URL: https://www.legis.ga.gov/api/legislation/document/20232024/219037Fetched: 10/24/2026

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