Indemnification or Advance of Expenses to Director; Report to Members

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  6. Indemnification or Advance of Expenses to Director; Report to Members

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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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