Michigan § 450.1563 - Indemnification against actual and reasonable expenses.

Full text of Michigan Michigan Compiled Laws § 450.1563 — Indemnification against actual and reasonable expenses., with citation guidance and answers to common questions.

§ 450.1563. Indemnification against actual and reasonable expenses.

Sec. 563.

To the extent that a director or officer of a corporation has been successful on the merits or otherwise in defense of an action, suit, or proceeding referred to in section 561 or 562, or in defense of a claim, issue, or matter in the action, suit, or proceeding, the corporation shall indemnify him or her against actual and reasonable expenses, including attorneys' fees, incurred by him or her in connection with the action, suit, or proceeding and an action, suit, or proceeding brought to enforce the mandatory indemnification provided in this section.

Source: official Michigan text · Last verified 2026-08-27

Frequently Asked Questions About Michigan § 450.1563

What does Michigan Compiled Laws § 450.1563 cover?

Section 450.1563 ("Indemnification against actual and reasonable expenses.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Michigan § 450.1563?

A common citation format is "Michigan Compiled Laws § 450.1563" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Michigan law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.

How does Michigan § 450.1563 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.