§ 27-1-2 - Special stockholders' meetings – Notice – Quorum. - Rhode Island Statutes

SECTION 27-1-2

   § 27-1-2  Special stockholders' meetings– Notice – Quorum. – The board of directors or the president and secretary of any insurance companymay call special meetings of the stockholders of the company whenever they maydeem it expedient so to do, first giving thirty (30) days' notice of the time,place, and purpose of the meeting in a newspaper published in the county wherethe company is established, or, if there is no newspaper published in thecounty, then in a newspaper published in an adjoining county. At all of thesespecial meetings, not less than two-thirds ( 2/3) of the shares shall berepresented either in person or by proxy in order to constitute a quorum fordoing business. The stockholders of the company, when so assembled, may act onthe business for which they were specially called together, and also on anyother business as may be transacted by law at any regular meeting of thecompany.