2521 - Call of special meetings of shareholders. - Pennsylvania Statutes

SUBCHAPTER C DIRECTORS AND SHAREHOLDERS Sec. 2521. Call of special meetings of shareholders. 2522. Adjournment of meetings of shareholders. 2523. Quorum at shareholder meetings. 2524. Consent of shareholders in lieu of meeting. 2525. Appointment of custodian. 2526. Voting rights of directors. 2527. Authority of board of directors. Cross References. Subchapter C is referred to in section 2501 of this title. § 2521. Call of special meetings of shareholders. (a) General rule.--The shareholders of a registered corporation shall not be entitled by statute to call a special meeting of the shareholders. (b) Exception.--Subsection (a) shall not apply to the call of a special meeting by an interested shareholder (as defined in section 2553 (relating to interested shareholder)) for the purpose of approving a business combination under section 2555(3) or (4) (relating to requirements relating to certain business combinations). Cross References. Section 2521 is referred to in section 1755 of this title.