16-10a-702 - Special meeting. - Utah Statutes

16-10a-702. Special meeting.
(1) A corporation shall hold a special meeting of shareholders:
(a) on call of its board of directors or the person or persons authorized by the bylaws tocall a special meeting; or
(b) if the holders of shares representing at least 10% of all the votes entitled to be cast onany issue proposed to be considered at the proposed special meeting sign, date, and deliver to thecorporation's secretary one or more written demands for the meeting, stating the purpose orpurposes for which it is to be held.
(2) If not otherwise fixed under Sections 16-10a-703 or 16-10a-707, the record date fordetermining shareholders entitled to demand a special meeting pursuant to Subsection (1)(b) isthe earliest date of any of the demands pursuant to which the meeting is called or the date that is60 days prior to the date the first of the written demands pursuant to which the meeting is calledis received by the corporation, whichever is later.
(3) Special shareholders' meetings may be held in or out of this state at the place stated inor fixed in accordance with the bylaws. If no place is stated or fixed in accordance with thebylaws, special meetings shall be held at the corporation's principal office.
(4) Only business within the purpose or purposes described in the meeting noticerequired by Subsection 16-10a-705(3) may be conducted at a special shareholders' meeting,unless notice of the meeting is waived by all shareholders pursuant to Section 16-10a-706.

Enacted by Chapter 277, 1992 General Session