Oregon Revised Statutes

Or. Rev. Stat. § 65.784 (2026)

Report to members and other persons of indemnification

✓ current as of May 2026
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      65.784 Report to members and other persons of indemnification. If a corporation indemnifies or advances expenses to a director under ORS 65.391 to 65.401 in connection with a proceeding by or in the right of the corporation, the corporation shall report the indemnification or advance in writing to:

      (1) The members with or before the notice of the next meeting of members; and

      (2) Any person having the right to designate or appoint the director no later than 90 days after the first indemnification or advance. [1989 c.1010 §169; 1991 c.231 §13]