There Is a Newer Version
of
the Oregon Revised Statutes
2011 Oregon Revised Statutes
ORS Volume 2, Chapters 56 - 89
ORS Chapter 65
65.784 Report to members and other persons of indemnification.
Universal Citation:
OR Rev Stat § 65.784 (through Leg Sess 2011)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
If a corporation indemnifies or advances expenses to a director under ORS 65.391 to 65.401 in connection with a proceeding by or in the right of the corporation, the corporation shall report the indemnification or advance in writing to:
(1) The members with or before the notice of the next meeting of members; and
(2) Any person having the right to designate or appoint the director no later than 90 days after the first indemnification or advance. [1989 c.1010 169; 1991 c.231 13]
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