17-1293. Same; notice of special meeting.
17-1293
17-1293. Same; notice of special meeting.
(a) If a special meeting is requested, notice of the special
meeting of shareholders shall be given as promptly as reasonably
practicable by the issuing public corporation to all shareholders of record
as 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 the
voting rights are to be considered must include or be accompanied by both
of the following:
(1) A copy of the acquiring person statement delivered to the issuing
public corporation pursuant to this act.
(2) A statement by the board of directors of the corporation, authorized
by its directors, of its position or recommendation, or that it is taking
no position or making no recommendation, with respect to the proposed
control share acquisition.
History: L. 1988, ch. 93, § 8; April 21.