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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

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10-11621. 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.

Source: Arizona Arizona Revised Statutes § 10-11621 from the Arizona Revised Statutes (Arizona State Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.