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the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 7 Shareholders
271B.7.030 Court-ordered meeting.
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271B.7-030 Court-ordered meeting.
(1) The Circuit Court for the county where a corporation's principal office (or, if none
in this state, its registered office) is located may summarily order a meeting to be <br>held: <br>(a) On application of any shareholder of the corporation entitled to participate in
an annual meeting if an annual meeting was not held within the earlier of six <br>(6) months after the end of the corporation's fiscal year or fifteen (15) months <br>after its last annual meeting; or
(b) On application of a shareholder who signed a demand for a special meeting
valid under KRS 271B.7-020, if:
1.
Notice of the special meeting was not given within thirty (30) days after <br>the date the demand was delivered to the corporation's secretary; or
2.
The special meeting was not held in accordance with the notice.
(2) The court may fix the time and place of the meeting, determine the shares entitled to
participate in the meeting, specify a record date for determining shareholders <br>entitled to notice of and to vote at the meeting, prescribe the form and content of the <br>meeting notice, fix the quorum required for specific matters to be considered at the <br>meeting (or direct that the votes represented at the meeting constitute a quorum for <br>action on those matters), and enter other orders necessary to accomplish the purpose <br>or purposes of the meeting.
Effective: January 1, 1989 <br>History: Created 1988 Ky. Acts ch. 23, sec. 51, effective January 1, 1989.
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