Arizona Arizona Revised Statutes
§ 10-1621 — Other reports to shareholders
ARS § 10-1621Title 10. Corporations and Associations · Ch. 16. RECORDS AND REPORTS · Art. 2. Reports
Statute text
View on source10-1621. Other reports to shareholders If a corporation indemnifies or advances expenses to a director under sections 10-851 through 10-854, the corporation shall report the indemnification or advance in writing to the shareholders with or before the annual financial statements required under section 10-1620. Failure to report under this section does not invalidate otherwise valid indemnification. This section does not apply to a corporation whose shares are listed on a national securities exchange or are regularly traded in a market maintained by one or more members of a national or affiliated securities association.