The Vermont Statutes Online
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.)
