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2020 Colorado Revised Statutes
Title 7 - Corporations And Associations
Article 109. Indemnification
Section 7-109-110. Notice to shareholders of indemnification of director.
Universal Citation: CO Rev Stat § 7-109-110 (2020)
If a corporation indemnifies or advances expenses to a director under this article in connection with a proceeding by or in the right of the corporation, the corporation shall give written notice of the indemnification or advance to the shareholders with or before the notice of the next shareholders' meeting. If the next shareholder action is taken without a meeting at the instigation of the board of directors, such notice shall be given to the shareholders at or before the time the first shareholder signs a writing consenting to such action.
Source: L. 93: Entire article added, p. 794, § 1, effective July 1, 1994.
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