Alabama § 10A-1-6.32 - Reports of Indemnification and Advances.
Full text of Alabama Code of Alabama § 10A-1-6.32 — Reports of Indemnification and Advances., with citation guidance and answers to common questions.
§ 10A-1-6.32. Reports of Indemnification and Advances.
(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.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 10A-1-6.32
What does Code of Alabama § 10A-1-6.32 cover?
Section 10A-1-6.32 ("Reports of Indemnification and Advances.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 10A-1-6.32?
A common citation format is "Code of Alabama § 10A-1-6.32" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 10A-1-6.32 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.