[§414-127]  Record date.  (a)  The
bylaws may fix or provide the manner of fixing the record date for one or more
voting groups to determine the shareholders entitled to notice of a
shareholders' meeting, to demand a special meeting, to vote, or to take any
other 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 record
date.



(b)  A record date fixed under this section may
not be more than seventy days before the meeting or action requiring a
determination of shareholders.



(c)  A determination of shareholders entitled
to notice of or to vote at a shareholders' meeting is effective for any
adjournment 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 hundred
twenty days after the date fixed for the original meeting.



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