§ 55-9A-04. Notice. - North Carolina Statutes

§55‑9A‑04.  Notice.

If a special meeting isrequested pursuant to G.S. 55‑9A‑03, notice of the special meetingof shareholders shall be given as promptly as reasonably practicable by thecovered corporation.  Notice of any special or annual meeting at which thevoting rights of control shares are to be considered shall be given to allshareholders who are entitled to vote at the meeting and who are shareholdersof record as of the record date set for the meeting, and to all holders ofinterested shares, and such notice must include or be accompanied by each ofthe following:

(1)        A copy of theacquiring person statement delivered to the covered corporation pursuant tothis Article.

(2)        A statement by theboard of directors of the covered corporation, authorized by a majority of itsdirectors, of its position or recommendation, or that it is taking no positionor making no recommendation, with respect to granting voting rights to thecontrol shares acquired or proposed to be acquired in the control share acquisition.

(3)        If the shareholderswould have a right of redemption under G.S. 55‑9A‑06, a statement,displayed with reasonable prominence, describing such right and advising theshareholders that it will be available only to those who give the writtennotice required by G.S. 55‑9A‑06(b). (1987, c. 182, s. 1; 1989, c.200, s. 1, c. 265, s. 1.)