(a) An enterprise shall report in writing to the owners or members of the enterprise an indemnification of or advance of expenses to a governing person.
(b) Subject to Subsection (c), the report must be made with or before:
(1) the notice or waiver of notice of the next meeting of the owners or members of the enterprise; or
(2) the next submission to the owners or members of a consent to action without a meeting.
(c) The report must be made not later than the first anniversary of the date of the indemnification or advance.