10-1621. Other reports to shareholders
If a corporation indemnifies or advances expenses to a director under sections
10-851 through 10-854, the corporation shall report the indemnification or advance in
writing to the shareholders with or before the annual financial statements required under
section 10-1620. Failure to report under this section does not invalidate otherwise
valid indemnification. This section does not apply to a corporation whose shares are
listed on a national securities exchange or are regularly traded in a market maintained
by one or more members of a national or affiliated securities association.
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