2011 Vermont Code
Title 11B Nonprofit Corporations
Chapter 16 RECORDS AND REPORTS
§ 21 Report of indemnification to members


11B VT Stats § 16.21. (2011 through Adj Sess) What's This?

§ 16.21. Report of indemnification to members

If a corporation indemnifies or advances expenses to a director under section 8.51, 8.52, 8.53 or 8.54 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 members with or before the notice of the next meeting of members. (Added 1995, No. 179 (Adj. Sess.), § 1, eff. Jan. 1, 1997.)

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