Print

The Vermont Statutes Online



Title

11A

:
Vermont Business Corporations






Chapter

007

:
SHAREHOLDERS






Subchapter

001
:
MEETINGS










 

§

7.05. Notice of meeting

(a) A

corporation shall notify shareholders of the date, time, and place of each

annual and special shareholders' meeting no fewer than ten nor more than 60

days before the meeting date. Unless this title or the articles of incorporation

require otherwise, the corporation is required to give notice only to

shareholders entitled to vote at the meeting.

(b) Unless this

title or the articles of incorporation require otherwise, notice of an annual

meeting need not include a description of the purpose or purposes for which the

meeting is called.

(c) Notice of a

special meeting must include a description of the purpose or purposes for which

the meeting is called.

(d) If not

otherwise fixed under section 7.03 or 7.07 of this title, the record date for

determining shareholders entitled to notice of and to vote at an annual or

special shareholders' meeting is close of business on the day before the first

notice is delivered to shareholders.

(e) Unless the

bylaws require otherwise, if an annual or special shareholders' meeting is

adjourned to a different date, time, or place, notice need not 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 section 7.07 of this title, however, notice of the

adjourned meeting must be given under this section to persons who are

shareholders as of the new record date. (Added 1993, No. 85, § 2, eff. Jan. 1,

1994.)