                                 CODE OF VIRGINIA

MANDATORY INDEMNIFICATION (§ 13.1-698)

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 the director is or
was a director of the corporation against expenses incurred by the director in
connection with the proceeding.

HISTORY: Code 1950, § 13.1-3.1; 1968, c. 570; 1975, c. 500; 1979, c. 99; 1985,
c. 522; 2019, c. 734.