§ 4-402. Stockholders' annual meeting

Latest version.

   (a) General rule. -- The bylaws of a close corporation shall provide for an annual meeting of stockholders in accordance with Title 2 of this article, but the meeting need not be held unless requested by a stockholder.

(b) Written request for annual meeting. -- A request for an annual meeting shall be in writing and delivered to the president or secretary of the corporation:

   (1) At least 30 days before the date specified in the bylaws for the meeting; or

   (2) If the bylaws specify a period during which the date for the meeting may be set, at least 30 days before the beginning of that period.

HISTORY: An. Code 1957, art. 23, § 107; 1975, ch. 311, § 2.

                    
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