2005 North Carolina Code - General Statutes § 55A-16-21. Notice of indemnification to members.
§ 55A‑16‑21. Notice of indemnification to members.
If a corporation indemnifies or advances expenses to a director under G.S. 55A‑8‑51, 55A‑8‑52, 55A‑8‑53, 55A‑8‑54, or 55A‑8‑57 in connection with a proceeding by or in the right of the corporation, the corporation shall give notice of the indemnification or advance in writing to the members with or before the notice of the next meeting of members. (1993, c. 398, s. 1.)
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