State Codes and Statutes

Statutes > North-carolina > Chapter_55 > GS_55-7-07

§55‑7‑07.  Record date.

(a)        The bylaws may fixor provide the manner of fixing the record date for one or more voting groupsin order to determine the shareholders entitled to notice of a shareholders'meeting, to demand a special meeting, to vote, or to take any other action.  Ifthe bylaws do not fix or provide for fixing a record date, the board ofdirectors of the corporation may fix a future date as the record date.

(b)        A record date fixedunder this section may not be more than 70 days before the meeting or actionrequiring a determination of shareholders.

(c)        A determination ofshareholders entitled to notice of or to vote at a shareholders' meeting iseffective for any adjournment of the meeting unless the board of directorsfixes a new record date, which it must do if the meeting is adjourned to a datemore than 120 days after the date fixed for the original meeting.

(d)        If a court orders ameeting adjourned to a date more than 120 days after the date fixed for theoriginal meeting, it may provide that the original record date continues ineffect or it may fix a new record date. (1955, c. 1371, s. 1; 1973,c. 469, s. 45.1; 1989, c. 265, s. 1.)

State Codes and Statutes

Statutes > North-carolina > Chapter_55 > GS_55-7-07

§55‑7‑07.  Record date.

(a)        The bylaws may fixor provide the manner of fixing the record date for one or more voting groupsin order to determine the shareholders entitled to notice of a shareholders'meeting, to demand a special meeting, to vote, or to take any other action.  Ifthe bylaws do not fix or provide for fixing a record date, the board ofdirectors of the corporation may fix a future date as the record date.

(b)        A record date fixedunder this section may not be more than 70 days before the meeting or actionrequiring a determination of shareholders.

(c)        A determination ofshareholders entitled to notice of or to vote at a shareholders' meeting iseffective for any adjournment of the meeting unless the board of directorsfixes a new record date, which it must do if the meeting is adjourned to a datemore than 120 days after the date fixed for the original meeting.

(d)        If a court orders ameeting adjourned to a date more than 120 days after the date fixed for theoriginal meeting, it may provide that the original record date continues ineffect or it may fix a new record date. (1955, c. 1371, s. 1; 1973,c. 469, s. 45.1; 1989, c. 265, s. 1.)


State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_55 > GS_55-7-07

§55‑7‑07.  Record date.

(a)        The bylaws may fixor provide the manner of fixing the record date for one or more voting groupsin order to determine the shareholders entitled to notice of a shareholders'meeting, to demand a special meeting, to vote, or to take any other action.  Ifthe bylaws do not fix or provide for fixing a record date, the board ofdirectors of the corporation may fix a future date as the record date.

(b)        A record date fixedunder this section may not be more than 70 days before the meeting or actionrequiring a determination of shareholders.

(c)        A determination ofshareholders entitled to notice of or to vote at a shareholders' meeting iseffective for any adjournment of the meeting unless the board of directorsfixes a new record date, which it must do if the meeting is adjourned to a datemore than 120 days after the date fixed for the original meeting.

(d)        If a court orders ameeting adjourned to a date more than 120 days after the date fixed for theoriginal meeting, it may provide that the original record date continues ineffect or it may fix a new record date. (1955, c. 1371, s. 1; 1973,c. 469, s. 45.1; 1989, c. 265, s. 1.)