Montana § 35-2-448 - Mandatory Indemnification
Full text of Montana Montana Code Annotated § 35-2-448 — Mandatory Indemnification, with citation guidance and answers to common questions.
§ 35-2-448. Mandatory Indemnification
Mandatory indemnification. 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 individual is or was a director of the corporation, against reasonable expenses actually incurred by the director in connection with the proceeding.
Frequently Asked Questions About Montana § 35-2-448
What does Montana Code Annotated § 35-2-448 cover?
Section 35-2-448 ("Mandatory Indemnification") is part of the Montana Code Annotated, the codified statutory law of Montana. 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 Montana § 35-2-448?
A common citation format is "Montana Code Annotated § 35-2-448" (Montana). 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 Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 35-2-448 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana 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 Montana.