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271B.7-050 Notice of meeting.
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A corporation shall notify shareholders of the date, time, and place of each annual
and special shareholders' meeting no fewer than ten (10) nor more than sixty (60)
days before the meeting date. Unless this chapter or the articles of incorporation
require otherwise, the corporation shall be required to give notice only to
shareholders entitled to vote at the meeting.
Unless this chapter or the articles of incorporation require otherwise, notice of an
annual meeting shall not be required to include a description of the purpose or
purposes for which the meeting is called.
Notice of a special meeting shall include a description of the purpose or purposes
for which the meeting is called.
If not otherwise fixed under KRS 271B.7-030 or 271B.7-070, the record date for
determining shareholders entitled to notice of and to vote at an annual or special
shareholders' meeting shall be the day before the first notice is delivered to
shareholders.
Unless the bylaws require otherwise, if an annual or special shareholders' meeting is
adjourned to a different date, time, or place, notice shall not be required to be given
of the new date, time, or place if the new date, time, or place is announced at the
meeting before adjournment. If a new record date for the adjourned meeting is or
must be fixed under KRS 271B.7-070, however, notice of the adjourned meeting
shall be given under this section to persons who are shareholders as of the new
record date.
Effective: January 1, 1989
History: Created 1988 Ky. Acts ch. 23, sec. 53, effective January 1, 1989.
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