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the Arizona Revised Statutes
2012 Arizona Revised Statutes
Title 10 Corporations and Associations
10-11621 Report of indemnification to members
Universal Citation:
AZ Rev Stat § 10-11621 (through 2nd Reg Sess. 50th Leg. 2012)
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10-11621. Report of indemnification to members
If a corporation indemnifies or advances expenses to a director under sections 10-3851 through 10-3854, the corporation shall report the indemnification or advance in writing to the members with or before the notice of the next meeting of members. Failure to report under this section does not invalidate otherwise valid indemnification.
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