If a corporation indemnifies or advances expenses to a director under sections 355.461 to 355.501 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.
Mo. Rev. Stat. § 355.851
Report of indemnification or advance
Known as the Missouri Nonprofit Corporation Act
The act spans §§ 355–355 (165 sections).
Effective: 01 Jul 1995, see footnote; (L. 1994 H.B. 1095)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.