Statutes > Iowa Statutes > Title 12 - Business Entities > Subtitle 5 - Nonprofit Corporations > CHAPTER 504 - REVISED IOWA NONPROFIT CORPORATION ACT > 504.1612 - REPORT OF INDEMNIFICATION TO MEMBERS.

504.1612 - REPORT OF INDEMNIFICATION TO MEMBERS.

        504.1612  REPORT OF INDEMNIFICATION TO MEMBERS.         If a corporation indemnifies or advances expenses to a director      under section 504.852, 504.853, 504.854, or 504.855 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.
         Section History: Recent Form
         2004 Acts, ch 1049, §174, 192