US Laws, Codes, Statutes & Cases

§140.15.  Notice of shareholder 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 shall 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 R.S. 12:137.  

(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.  

Acts 1988, No. 173, §1, eff. June 29, 1988.