The Vermont Statutes Online
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
NOTE: The online version of the Vermont Statutes does NOT yet include the actions of the 2023 legislative session. The 2023 updates should be available by the end of October.
Title 11B : Nonprofit Corporations
Chapter 016 : RECORDS AND REPORTS
Subchapter 002 : REPORTS
(Cite as: 11B V.S.A. § 16.21)-
§ 16.21. Report of indemnification to members
If a corporation indemnifies or advances expenses to a director under section 8.51, 8.52, 8.53, or 8.54 of this title 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. (Added 1995, No. 179 (Adj. Sess.), § 1, eff. Jan. 1, 1997.)
