§ 54B-106. Annual meetings; notice required. - North Carolina Statutes

§ 54B‑106.  Annualmeetings; notice required.

(a)        Each associationshall hold an annual meeting of its members or stockholders. The annual meetingshall be held at a time and place as shall be provided in the bylaws ordetermined by the board of directors.

(b)        The board ofdirectors of a mutual association shall cause to be published once a week fortwo weeks preceding such meeting, in a newspaper of general circulationpublished in the county where such association has its principal office, anotice of the meeting, signed by the association's secretary, and stating thetime and place where it is to be held. In addition to the foregoing notice,each association shall disseminate additional notice of any annual meeting bynotice made available to all members entering the premises of any office orbranch of the association in the regular course of business by posting therein,in full view of the public and such members, one or more conspicuous signs orplacards announcing the pending meeting, the time, date and place of themeeting and the availability of additional information. Printed matter shall befreely available to said members containing any information as may beprescribed in rules and regulations issued by the Commissioner of Banks. Suchadditional notice shall be given at any time within the period of 60 days priorto and 14 days prior to the meeting and shall continue through the time of themeeting.

(c)        The board ofdirectors of a stock association shall cause a written or printed notice signedby the association's secretary, and stating the time and place of the annualmeeting to be delivered not less than 10 days nor more than 50 days before thedate of the meeting, either personally or by mail to each stockholder of recordentitled to vote at the meeting. If mailed, such notice shall be deemed to bedelivered when deposited in the United States postal service addressed to thestockholder at his address as it appears on the record of stockholders of thecorporation, with postage thereon prepaid. (1981, c. 282, s. 3; 2001‑193, s. 16.)