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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>69826</law_id><section_number>13.1-698</section_number><catch_line>Mandatory indemnification</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>13.1-699</reference><reference>13.1-700.1</reference><reference>13.1-702</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="13.1">Corporations</unit><unit label="chapter" level="2" order_by="1" identifier="9">Virginia Stock Corporation Act</unit><unit label="article" level="3" order_by="1" identifier="10">Indemnification</unit></structure><text>
						<section><p>Unless limited by its <span class="dictionary">articles of incorporation</span>, a <span class="dictionary">corporation</span> shall indemnify a <span class="dictionary">director</span> who was wholly successful, on the merits or otherwise, in the defense of any <span class="dictionary">proceeding</span> to which the <span class="dictionary">director</span> was a <span class="dictionary">party</span> because the <span class="dictionary">director</span> is or was a <span class="dictionary">director</span> of the <span class="dictionary">corporation</span> against <span class="dictionary">expenses</span> incurred by the <span class="dictionary">director</span> in connection with the <span class="dictionary">proceeding</span>.</p></section></text><history>Code 1950, &#xA7; 13.1-3.1; 1968, c. 570; 1975, c. 500; 1979, c. 99; 1985, c. 522; 2019, c. 734.</history><metadata></metadata></law>
