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.
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