Maine Call of Special Stockholders' Meeting by Stockholders

State:
Multi-State
Control #:
US-1049BG
Format:
Word; 
Rich Text
Instant download

Description

Generally, if a stockholders' meeting is not called by a person or a group authorized to call such a meeting, the proceedings and decisions which occur at such a meeting will be of no effect. The board of directors is usually considered to be the appropriate body to call stockholders' meetings. Some state statutes allow the stockholders themselves to call a meeting without resort to the courts when corporate management has improperly failed or refused to call a meeting. Unless there is special authorization in the charter or bylaws, a corporate officer, such as the president of the corporation, is not considered a person authorized to call a stockholders' meeting on his or her own authority.

How to fill out Call Of Special Stockholders' Meeting By Stockholders?

Are you presently in the placement the place you need files for sometimes organization or person functions almost every working day? There are a variety of lawful papers web templates accessible on the Internet, but discovering kinds you can depend on isn`t simple. US Legal Forms delivers thousands of form web templates, much like the Maine Call of Special Stockholders' Meeting by Stockholders, that happen to be written in order to meet state and federal needs.

In case you are presently familiar with US Legal Forms web site and have an account, basically log in. Afterward, it is possible to obtain the Maine Call of Special Stockholders' Meeting by Stockholders template.

If you do not come with an bank account and want to begin using US Legal Forms, adopt these measures:

  1. Obtain the form you require and ensure it is for that proper area/area.
  2. Make use of the Review button to analyze the form.
  3. Look at the explanation to actually have selected the appropriate form.
  4. In case the form isn`t what you`re searching for, utilize the Research area to find the form that suits you and needs.
  5. Once you find the proper form, just click Get now.
  6. Select the pricing prepare you need, fill out the necessary info to produce your bank account, and pay money for your order using your PayPal or charge card.
  7. Select a handy document formatting and obtain your copy.

Locate each of the papers web templates you possess bought in the My Forms food list. You can get a further copy of Maine Call of Special Stockholders' Meeting by Stockholders at any time, if possible. Just select the essential form to obtain or print out the papers template.

Use US Legal Forms, the most comprehensive variety of lawful kinds, in order to save some time and avoid errors. The support delivers appropriately produced lawful papers web templates that can be used for a range of functions. Generate an account on US Legal Forms and initiate making your daily life a little easier.

Form popularity

FAQ

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.

249D Meeting and 249F Meeting A similar power exists for shareholders to call and hold a meeting. Section 249F of the Corporations Act provides that members with at least 5% of the votes that may be cast at a general meeting may call, and arrange to hold a general meeting.

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.

A shareholder meeting will often be called when shareholder input is needed in a major decision, such as a change in directors. Investors are also able to call special shareholder meetings, subject to a specific set of rules.

Special meetings of the shareholders may be called for any purpose or purposes, at any time, by the Chief Executive Officer; by the Chief Financial Officer; by the Board or any two or more members thereof; or by one or more shareholders holding not less than 10% of the voting power of all shares of the corporation

Any shareholder or group of shareholders holding at least 10 percent of the shares in a Company can request the Board to convene an EGM by sending a signed notice to the Company at its Registered Office.

The typical lower threshold is 10% of the shares, while most others require either 25% of the shares (Microsoft's level) or 50% or 51% of the shares. Most companies that allow shareholders to call a special shareholder meeting use one of these standards.

The term shareholders refers to the people directly involved in the corporation who are participating in the company's gains or losses. The special meeting aims to enable the shareholders to know the company's affairs and vote on the management's recommendations in the proposed resolution.

Legal Definition of special meeting : a meeting held for a special and limited purpose specifically : a corporate meeting held occasionally in addition to the annual meeting to conduct only business described in a notice to the shareholders.

Trusted and secure by over 3 million people of the world’s leading companies

Maine Call of Special Stockholders' Meeting by Stockholders