There is a newer version of the Code of Alabama
2015 Code of Alabama
Title 10A - ALABAMA BUSINESS AND NONPROFIT ENTITIES CODE.
Chapter 2 - BUSINESS CORPORATIONS.
Article 16 - Records and Reports.
Division B - Reports.
Section 10A-2-16.21 - Other reports to shareholders.
AL Code § 10A-2-16.21 (2015) What's This?Section 10A-2-16.21Other reports to shareholders.
If a corporation indemnifies or advances expenses to a director under Section 10A-2-8.51, 10A-2-8.53, or 10A-2-8.54, or under Article 6 of Chapter 1, or under any other provision of this title, in connection with a proceeding by or in the right of the corporation, the corporation shall report the indemnification or advance in writing to the shareholders with or before the notice of the next shareholders' meeting.(Acts 1994, No. 94-245, p. 343, §1; §10-2B-16.21; amended and renumbered by Act 2009-513, p. 967, §163.)
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