Report of indemnification to members

S.C. Code Ann. § 33-31-1621, under Title 33, Chapter 31.

S.C. Code Ann. § 33-31-1621

If a corporation indemnifies or advances expenses to a director under Section 33-31-851, 33-31-852, 33-31-853, or 33-31-854 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 members with or before the notice of the next meeting of members.