§ 17-16-702 — Special meeting

Wyoming § 17-16-702

• Jurisdiction: Wyoming
• Title 17: Corporations, Partnerships and Associations
• Ch. 16: WYOMING BUSINESS CORPORATION ACT
• Art. 7: SHAREHOLDERS

Text

(a) A corporation shall hold a special meeting of
shareholders:
(i) On call of its board of directors or the person
or persons authorized to do so by the articles of incorporation
or bylaws; or
(ii) If the holders of at least ten percent (10%) of
all the votes entitled to be cast on any issue proposed to be
considered at the proposed special meeting sign, date, and
deliver to the corporation one (1) or more written demands for
the meeting describing the purpose or purposes for which it is
to be held, provided that the articles of incorporation may fix
a lower percentage or a higher percentage not exceeding twenty-
five percent (25%) of all the votes entitled to be cast on any
issue proposed to be considered. Unless otherwise provided in
the articles of incorporation, a written demand for a special
meeting may be revoked by a writing to that effect received by
the corporation prior to the receipt by the corporation of
demands sufficient in number to require the holding of a special
meeting.
(b) If not otherwise fixed under W.S. 17-16-703 or
17-16-707, the record date for determining shareholders entitled
to demand a special meeting is the date the first shareholder
signs the demand.
(c) Special shareholders' meetings may be held in or out
of this state at the place stated in or fixed in accordance with
the bylaws. If no place is stated or fixed in accordance with
the bylaws, special meetings shall be held at the corporation's
principal office.
(d) Only business within the purpose or purposes described
in the meeting notice required by W.S. 17-16-705(c) may be
conducted at a special shareholders' meeting.