§ 1.42. Judicial relief
(a) If for any reason it is impractical or impossible for any corporation to call or conduct
a meeting of its members, delegates, or directors, or otherwise obtain their consent,
in the manner prescribed by its articles, bylaws, or this title, then upon petition
of a director, officer, delegate, member, or the Attorney General, the Superior Court
may order that such a meeting be called or that a written ballot or other form of
obtaining the vote of members, delegates, or directors be authorized, in such a manner
as the court finds fair and equitable under the circumstances.
(b) The court shall, in an order issued pursuant to this section, provide for a method
of notice reasonably designed to give actual notice to all persons who would be entitled
to notice of a meeting held pursuant to the articles, bylaws, and this title, whether
or not the method results in actual notice to all such persons or conforms to the
notice requirements that would otherwise apply. In a proceeding under this section
the court may determine who the members or directors are.
(c) The order issued pursuant to this section may dispense with any requirement relating
to the holding of or voting at meetings or obtaining votes, including any requirement
as to quorums or as to the number or percentage of votes needed for approval, that
would otherwise be imposed by the articles, bylaws, or this title.
(d) Whenever practical, any order issued pursuant to this section shall limit the subject
matter of meetings or other forms of consent authorized to items, including amendments
to the articles or bylaws, the resolution of which will or may enable the corporation
to continue managing its affairs without further resort to this section; provided,
however, that an order under this section may also authorize the obtaining of whatever
votes and approvals are necessary for the dissolution, merger, or sale of assets.
(e) Any meeting or other method of obtaining the vote of members, delegates, or directors
conducted pursuant to an order issued under this section, and which complies with
all the provisions of such order, is for all purposes a valid meeting or vote, as
the case may be, and shall have the same force and effect as if it complied with every
requirement imposed by the articles, bylaws, and this title. (Added 1995, No. 179 (Adj. Sess.), § 1, eff. Jan. 1, 1997.)