Or. Rev. Stat. § 65.784
Report to members and other persons of indemnification
Oregon · Oregon Revised Statutes Chapter 65 — Nonprofit Corporations · Status: effective
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- Citation
- Or. Rev. Stat. § 65.784, Report to members and other persons of indemnification, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2453889
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Full text
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.