Reports to shareholders of indemnification
If a corporation indemnifies or advances expenses to a director under ORS 60.391 (Authority to indemnify directors), 60.394 (Mandatory indemnification), 60.397 (Payment of directors expenses in connection with proceeding) or 60.401 (Court-ordered indemnification) 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 shareholders with or before the notice of the next shareholders meeting. [1987 c.52 §173]
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