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The Vermont Statutes Online

 

Title 11A : Vermont Business Corporations

Chapter 007 : SHAREHOLDERS

Subchapter 001 : MEETINGS

(Cite as: 11A V.S.A. § 7.05)
  • § 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.)