Arizona Arizona Revised Statutes
§ 10-11621 — Report of indemnification to members
ARS § 10-11621Title 10. Corporations and Associations · Ch. 39. RECORDS AND REPORTS-NONPROFIT CORPORATIONS · Art. 2. Reports
Statute text
View on source10-11621. Report of indemnification to members If a corporation indemnifies or advances expenses to a director under sections 10-3851 through 10-3854, the corporation shall report the indemnification or advance in writing to the members with or before the notice of the next meeting of members. Failure to report under this section does not invalidate otherwise valid indemnification.