If a corporation indemnifies or advances expenses to a director under ORS 65.391 to 65.401 in connection with a proceeding by or in the right of the corporation, the corporation shall report the indemnification or advance in writing to:
(1) The members with or before the notice of the next meeting of members; and
(2) Any person having the right to designate or appoint the director no later than 90 days after the first indemnification or advance. [1989 c.1010 §169; 1991 c.231 §13]
Section: Previous 65.754 65.757 65.771 65.774 65.777 65.781 65.782 65.784 65.787 65.800 65.803 65.805 65.807 65.809 65.811 NextLast modified: August 7, 2008