§ 12:1-703 — Court-ordered meeting

§1-703. Court-ordered meeting
A. The district court of the parish where a corporation's principal office or, if none
in this state, its registered office, is located may in a summary proceeding order a meeting
to be held:
(1) On application of any shareholder of the corporation if an annual meeting was
not held or action by written consent in lieu thereof did not become effective within the
earlier of six months after the end of the corporation's fiscal year or fifteen months after its
last annual meeting.
(2) On application of a shareholder who signed a demand for a special meeting valid
under R.S. 12:1-702, if either of the following conditions exist:
(a) Notice of the special meeting was not given within thirty days after the date the
demand was delivered to the corporation's secretary.
(b) The special meeting was not held in accordance with the notice.
B. The court may fix the time and place of the meeting, determine the shares entitled
to participate in the meeting, specify a record date for determining shareholders entitled to
notice of and to vote at the meeting, prescribe the form and content of the meeting notice, fix
the quorum required for specific matters to be considered at the meeting or direct that the
votes represented at the meeting constitute a quorum for action on those matters, and enter
other orders necessary to accomplish the purpose or purposes of the meeting.
C. For purposes of Paragraph (A)(1) of this Section, "shareholder" means a record
shareholder, a beneficial shareholder, and an unrestricted voting trust beneficial owner.

Legislative History

Acts 2014, No. 328, §1, eff. Jan. 1, 2015; Acts 2016, No. 442, §1.