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February 17, 2025 Clouds | 26°F
The 194th General Court of the Commonwealth of Massachusetts

Section 8.52: Mandatory indemnification

Section 8.52. 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 he was a party because he was a director of the corporation against reasonable expenses incurred by him in connection with the proceeding.