ORS 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.