If a corporation indemnifies or advances expenses to a director under § 4-27-850 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 shareholders with or before the notice of the next shareholders' meeting.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 27 - Business Corporation Act of 1987
Subchapter 16 - Records and Reports
§ 4-27-1620. Financial statements for shareholders
§ 4-27-1621. Other reports to shareholders
§ 4-27-1622. Annual franchise tax report for Secretary of State. [Effective until May 1, 2021.]