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Special meeting is a meeting called by shareholders to discuss specific matters stated in the notice of the meeting. It is a meeting of shareholders outside the usual annual general meeting.
Correct. Assuming no special provision in the articles of incorporation, special shareholder meetings may be called by holders of at least 10% of shares.
Special meetings are unscheduled meetings called from time to time by the board for a specific purpose. Special meetings usually address issues that need immediate attention or that need more time and discussion than can be handled in routine board or annual meetings.
Members' meetings, or shareholders' meetings, are held when the company needs to make an important decision that requires the vote of the company's shareholders. These meetings are also known as general meetings.
~5-7 business days by mail.Choose a Corporate Structure. Incorporating means starting a corporation.Check Name Availability.Appoint a Registered Agent.File Indiana Articles of Incorporation.Establish Bylaws & Corporate Records.Appoint Initial Directors.Hold Organizational Meeting.Issue Stock Certificates.More items...
The corporation can allow others to call a special meeting, such as the BoD Chair, CEO, or yes, shareholders.
A special meeting allows shareholders to remove the current board of directors and elect a new board.
Special meetings of members can also be called by the directors to make decisions concerning special business. Special business is generally considered to be any business other than the annual business to be transacted at an annual meeting of members.
Special Meetings A special meeting (or a called meeting) is a separate meeting of a society held at a time different from the regular meeting. The bylaws must provide guidelines for special meetings.
Special meetings of the Board of Directors for any purpose may be called at any time by the President or, if the President is absent or unable or refuses to act, by any Vice President or any two Directors.