Jersey City New Jersey Call of Special Stockholders' Meeting by Stockholders
Category:
State:
Multi-State
City:
Jersey City
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.
