Report to Members of Indemnification or Advance of Expenses

1. Law
2. Georgia Code
3. Corporations, Partnerships, and Associations
4. Nonprofit Corporations
5. Records and Reports
6. Reports
7. Report to Members of Indemnification or Advance of Expenses

If a corporation indemnifies or advances expenses to a director under Code Section 14-3-851, 14-3-852, 14-3-853, or 14-3-854 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.

(Code 1981, §14-3-1621, enacted by Ga. L. 1991, p. 465, § 1.)

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