Notice of a special meeting shall also state the purpose or purposes for which the meeting is called. Holders of ten percent of the votes of the shares entitled to vote in an election of directors may, in writing, demand the call of a special meeting.The corporation can allow others to call a special meeting, such as the BoD Chair, CEO, or yes, shareholders. The bylaws or CoI needs to specify this, though. 3 Dedicated to Your Best Interests. Fill out the contact form or call us at (408) 436-0789 to schedule your free consultation. Most co-op bylaws afford the shareholders a right to seek a special meeting of the shareholders for purposes of requesting the removal of the board.