N.C. Gen. Stat. § 55A-16-21
Notice of indemnification to members
North Carolina · North Carolina General Statutes Chapter 55A — North Carolina Nonprofit Corporation Act. · Status: effective
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- Citation
- N.C. Gen. Stat. § 55A-16-21, Notice of indemnification to members, North Carolina, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1314733
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Full text
Notice of indemnification to members. If a corporation indemnifies or advances expenses to a director under G.S. 55A-8-51, 55A-8-52, 55A-8-53, 55A-8-54, or 55A-8-57 in connection with a proceeding by or in the right of the corporation, the corporation shall give notice of the indemnification or advance in writing to the members with or before the notice of the next meeting of members. (1993, c. 398, s. 1.)