Ala. Code § 10A-1-6.32
This is the official text of Ala. Code § 10A-1-6.32, part of Alabama’s Code — part of the compiled statutory law of Alabama, published by the state as "Code." Browse the sections below, each linked to its official government source.
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Section 10A-1-6.32 Reports of Indemnification and Advances
Official statutory text
(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 the notice or waiver of notice of the next meeting of the owners or members of the enterprise and before the next submission to the owners or members of a consent to action without a meeting.
(c) A report required by this section must be made not later than the first anniversary of the date of the indemnification or advance.
(b) Subject to subsection (c), the report must be made with or before the notice or waiver of notice of the next meeting of the owners or members of the enterprise and before the next submission to the owners or members of a consent to action without a meeting.
(c) A report required by this section must be made not later than the first anniversary of the date of the indemnification or advance.
Status: in_force · Read it on the official government site
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