A director of a company has been sued for breach of duty by the stockholders. The defense costs are considerable. In order to be reimbursed for these expenses what must occur?
A. The stockholders have to approve of the payment of the expenses
B. The board of directors must approve the payment of the expenses
C. The authority for reimbursement must be stated in the corporate by-laws
D. The insurer must decide if payment should be made
