N.C. Gen. Stat. § 55A-16-21
Notice of indemnification to members
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
If a corporation indemnifies or advances expenses to a director under G.S. 55A-8-51, 55A-8-52, 55A-8-53, 55A-8-54, or 55A-8-57 in connection with a proceeding by or in the right of the corporation, the corporation shall give notice of the indemnification or advance in writing to the members with or before the notice of the next meeting of members.
If a corporation indemnifies or advances expenses to a director under G.S. 55A-8-51, 55A-8-52, 55A-8-53, 55A-8-54, or 55A-8-57 in connection with a proceeding by or in the right of the corporation, the corporation shall give notice of the indemnification or advance in writing to the members with or before the notice of the next meeting of members.
History
(1993, c. 398, s. 1.)
NORTH CAROLINA COMMENTARY
This section had no counterpart in the prior law.
§ 55A-16-22: Repealed by Session Laws 1995, c. 539, s. 8.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.