Report of indemnification to members

If a corporation indemnifies or advances expenses to a director under § 48-58-502 , § 48-58-503 , § 48-58-504 or § 48-58-505 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. Acts 1987, ch. 242, § 16.21. If a corporation indemnifies or advances expenses to a director under § 48-58-502 , § 48-58-503 , § 48-58-504 or § 48-58-505 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. Acts 1987, ch. 242, § 16.21.