Colo. Rev. Stat. § 7-109-110
Notice to shareholders of indemnification of director
Colorado · Colorado Revised Statutes Title 7 — Corporations and Associations · Status: effective
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- Citation
- Colo. Rev. Stat. § 7-109-110, Notice to shareholders of indemnification of director, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2285804
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Full text
If a corporation indemnifies or advances expenses to a director under this article 109 in connection with a proceeding by or in the right of the corporation, the corporation shall give notice of the indemnification or advance to the shareholders with or before the notice of the next shareholders' meeting. If the next shareholder action is taken without a meeting at the instigation of the board of directors, the corporation shall give the notice to the shareholders at or before the time the first shareholder signs a document consenting to the action.