3-1-32 - Notice to members and shareholders of meeting to vote on plan of merger or consolidation. - Utah Statutes

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Statutes > Utah > Title-03 > Chapter-01 > 3-1-32

3-1-32. Notice to members and shareholders of meeting to vote on plan of mergeror consolidation.
(1) After approval of the plan under Section 3-1-31, the members or shareholders shallvote on the plan at an annual or special meeting.
(2) The members shall be given written notice specifying:
(a) the place, date, and time of the meeting;
(b) whether the meeting is an annual or a special meeting; and
(c) that a purpose of the meeting is to consider and vote upon the plan of merger orconsolidation.
(3) The notice shall be delivered:
(a) at least 20 but not more than 90 days before the date of the meeting;
(b) either personally or by mail, at the discretion of the president, chairman, or secretaryof the association or corporation;
(c) to each current member entitled to vote under the articles of incorporation or bylawsof each party to the merger or consolidation, if the party is a cooperative having members; and
(d) to each shareholder entitled to vote under the articles of incorporation or bylaws, ofeach party to the merger or consolidation having shareholders or stockholders, if the party is not acooperative.
(4) (a) If mailed, notice shall be considered to be delivered when deposited in the UnitedStates mail, addressed to the member or shareholder at his address as it appears on themembership books or stock transfer books of the association or corporation, with postage prepaid.
(b) (i) The notice shall include a copy or a summary of the plan of merger orconsolidation.
(ii) If a summary is provided, the notice shall state that a copy of the plan of merger orconsolidation will be furnished to any member or shareholder upon request and without charge.

Amended by Chapter 203, 1994 General Session

State Codes and Statutes

Statutes > Utah > Title-03 > Chapter-01 > 3-1-32

3-1-32. Notice to members and shareholders of meeting to vote on plan of mergeror consolidation.
(1) After approval of the plan under Section 3-1-31, the members or shareholders shallvote on the plan at an annual or special meeting.
(2) The members shall be given written notice specifying:
(a) the place, date, and time of the meeting;
(b) whether the meeting is an annual or a special meeting; and
(c) that a purpose of the meeting is to consider and vote upon the plan of merger orconsolidation.
(3) The notice shall be delivered:
(a) at least 20 but not more than 90 days before the date of the meeting;
(b) either personally or by mail, at the discretion of the president, chairman, or secretaryof the association or corporation;
(c) to each current member entitled to vote under the articles of incorporation or bylawsof each party to the merger or consolidation, if the party is a cooperative having members; and
(d) to each shareholder entitled to vote under the articles of incorporation or bylaws, ofeach party to the merger or consolidation having shareholders or stockholders, if the party is not acooperative.
(4) (a) If mailed, notice shall be considered to be delivered when deposited in the UnitedStates mail, addressed to the member or shareholder at his address as it appears on themembership books or stock transfer books of the association or corporation, with postage prepaid.
(b) (i) The notice shall include a copy or a summary of the plan of merger orconsolidation.
(ii) If a summary is provided, the notice shall state that a copy of the plan of merger orconsolidation will be furnished to any member or shareholder upon request and without charge.

Amended by Chapter 203, 1994 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-03 > Chapter-01 > 3-1-32

3-1-32. Notice to members and shareholders of meeting to vote on plan of mergeror consolidation.
(1) After approval of the plan under Section 3-1-31, the members or shareholders shallvote on the plan at an annual or special meeting.
(2) The members shall be given written notice specifying:
(a) the place, date, and time of the meeting;
(b) whether the meeting is an annual or a special meeting; and
(c) that a purpose of the meeting is to consider and vote upon the plan of merger orconsolidation.
(3) The notice shall be delivered:
(a) at least 20 but not more than 90 days before the date of the meeting;
(b) either personally or by mail, at the discretion of the president, chairman, or secretaryof the association or corporation;
(c) to each current member entitled to vote under the articles of incorporation or bylawsof each party to the merger or consolidation, if the party is a cooperative having members; and
(d) to each shareholder entitled to vote under the articles of incorporation or bylaws, ofeach party to the merger or consolidation having shareholders or stockholders, if the party is not acooperative.
(4) (a) If mailed, notice shall be considered to be delivered when deposited in the UnitedStates mail, addressed to the member or shareholder at his address as it appears on themembership books or stock transfer books of the association or corporation, with postage prepaid.
(b) (i) The notice shall include a copy or a summary of the plan of merger orconsolidation.
(ii) If a summary is provided, the notice shall state that a copy of the plan of merger orconsolidation will be furnished to any member or shareholder upon request and without charge.

Amended by Chapter 203, 1994 General Session