2006 Code of Virginia § 13.1-656 - Court-ordered meeting

13.1-656. Court-ordered meeting.

A. The circuit court of the city or county where a corporation's principaloffice is located or, if none in this Commonwealth, where its registeredoffice is located, may, after notice to the corporation, order a meeting ofshareholders to be held:

1. On petition of any shareholder of the corporation entitled to participatein an annual meeting if an annual meeting was not held within 15 months afterits last annual meeting or, if there has been no annual meeting, the date ofits incorporation; or

2. On petition of a shareholder who signed a demand for a special meetingthat satisfies the requirements of 13.1-655 if:

a. Notice of the special meeting was not given within 30 days after the datethe demand was delivered to the corporation's secretary; or

b. The special meeting was not held in accordance with the notice.

B. The court may fix the time and place of the meeting, determine the sharesentitled to participate in the meeting, specify a record date for determiningshareholders entitled to notice of and to vote at the meeting, prescribe theform and content of the meeting notice, and enter other orders necessary toaccomplish the purpose or purposes of the meeting.

(1985, c. 522; 2005, c. 765.)