North Carolina § 55A-16-21 - Notice of indemnification to members.
Full text of North Carolina North Carolina General Statutes § 55A-16-21 — Notice of indemnification to members., with citation guidance and answers to common questions.
§ 55A-16-21. Notice of indemnification to members.
If a corporation indemnifies or advances expenses to a director under G.S. 55A-8-51, 55A-8-52, 55A-8-53, 55A-8-54, or 55A-8-57 in connection with a proceeding by or in the right of the corporation, the corporation shall give notice of the indemnification or advance in writing to the members with or before the notice of the next meeting of members. History (1993, c. 398, s. 1.) NORTH CAROLINA COMMENTARY This section had no counterpart in the prior law. § 55A-16-22: Repealed by Session Laws 1995, c. 539, s. 8.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 55A-16-21
What does North Carolina General Statutes § 55A-16-21 cover?
Section 55A-16-21 ("Notice of indemnification to members.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. 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 North Carolina § 55A-16-21?
A common citation format is "North Carolina General Statutes § 55A-16-21" (North Carolina). 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 North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 55A-16-21 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina 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 North Carolina.