[§414-127]  Record date.  (a)  Thebylaws may fix or provide the manner of fixing the record date for one or morevoting groups to determine the shareholders entitled to notice of ashareholders' meeting, to demand a special meeting, to vote, or to take anyother action.  If the bylaws do not fix or provide for fixing a record date,the board of directors of the corporation may fix a future date as the recorddate.

(b)  A record date fixed under this section maynot be more than seventy days before the meeting or action requiring adetermination of shareholders.

(c)  A determination of shareholders entitledto notice of or to vote at a shareholders' meeting is effective for anyadjournment of the meeting unless the board of directors fixes a new record date,which it must do if the meeting is adjourned to a date more than one hundredtwenty days after the date fixed for the original meeting.

(d)  If a court orders a meeting adjourned to adate more than one hundred twenty days after the date fixed for the originalmeeting, it may provide that the original record date continues in effect or itmay fix a new record date. [L 2000, c 244, pt of §1]