§ 54-137. General and special meetings; how called. - North Carolina Statutes

§54‑137.  General and special meetings; how called.

In its bylaws each associationshall provide for one or more regular meetings annually. The board of directorsshall have the right to call a special meeting at any time, and ten percent(10%) of the members or stockholders may file a petition stating the specificbusiness to be brought before the association, and demand a special meeting atany time. Such meeting must thereupon be called by the directors. Notice of allmeetings, together with a statement of the purposes thereof, shall be mailed toeach member at least 10 days prior to the meeting: Provided, however, that thebylaws may require instead that such notice may be given by publication in anewspaper of general circulation, published at the principal place of businessof the association. (1921, c. 87, s. 11; C.S., s. 5259(i).)