Iowa Code » Chapter 504 — REVISED IOWA NONPROFIT CORPORATION ACT
Iowa Code

Iowa Code § 504.853 (2026)

Mandatory indemnification

✓ current as of July 2026
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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 reasonable expenses actually incurred by the director in connection with the proceeding. 2004 Acts, ch 1049, §103, 192 Referred to in §504.854, 504.855, 504.857, 504.1612\n\nTue Dec 09 22:06:39 2025 Iowa Code 2026, Chapter 504 (45, 0) §504.854, REVISED IOWA NONPROFIT CORPORATION ACT 46

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Notes of Decisions
Cited in 1 case, 2019–2019 · leading case: North Skunk River Greenbelt Ass'n, Inc. v. Allen (Iowa Ct. App. 2019).
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North Skunk River Greenbelt Ass'n, Inc. v. Allen (Iowa Ct. App. 2019). · cites it 6× “” Iowa Code § 504.853 . “[A] person [is] considered ‘wholly successful, on the merits or otherwise’ only if the proceeding ‘is disposed of on a basis which does not involve a finding of liability.”
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