If a corporation indemnifies or advances expenses to a director under sections 414D-160 to 414D-163, 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.
Haw. Rev. Stat. § 414D-307
Report of indemnification to members
Known as the Hawaii Nonprofit Corporations Act
The act spans §§ 414–414 (182 sections).
L 2001, c 105, pt of §1
Official source: Hawaii State Legislature. Reproduced from public-domain Hawaii statutes; confirm against the official source for the current text. Not legal advice.