17-1293

Chapter 17.--CORPORATIONS
Article 12.--SECURITIES

      17-1293.   Same; notice of special meeting.(a) If a special meeting is requested, notice of the specialmeeting of shareholders shall be given as promptly as reasonablypracticable by the issuing public corporation to all shareholders of recordas of the record date set for the meeting, whether or not entitled to vote at the meeting.

      (b)   Notice of the special or annual shareholder meeting at which thevoting rights are to be considered must include or be accompanied by bothof the following:

      (1)   A copy of the acquiring person statement delivered to the issuingpublic corporation pursuant to this act.

      (2)   A statement by the board of directors of the corporation, authorizedby its directors, of its position or recommendation, or that it is takingno position or making no recommendation, with respect to the proposedcontrol share acquisition.

      History:   L. 1988, ch. 93, § 8; April 21.