If a corporation indemnifies or advances expenses to a director under section 30-30-626, Idaho Code, 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.
Idaho Code § 30-30-1106
Report of indemnification to members
Known as the Idaho Nonprofit Corporation Act
The act spans §§ 30–30 (107 sections).
I.C., § 30-30 -1106, as added by 2015, ch. 243, § 84, p. 758.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.