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2017 Indiana Code
TITLE 23. Business and other Associations
ARTICLE 17. NONPROFIT CORPORATIONS
CHAPTER 27. Records and Reports
23-17-27-7. Indemnification or advance of expenses to director; report to members
Universal Citation: IN Code § 23-17-27-7 (2017)
IC 23-17-27-7 Indemnification or advance of expenses to director; report to members
Sec. 7. If a corporation indemnifies or advances expenses to a director under IC 23-17-16-1 through IC 23-17-16-11 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 members with or before the notice of the next meeting of members.
As added by P.L.179-1991, SEC.1.
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