16-10a-703 - Court-ordered meeting. - Utah Statutes

16-10a-703. Court-ordered meeting.
(1) The district court of the county in this state where a corporation's principal office islocated or, if it has no principal office in this state, the district court for Salt Lake County maysummarily order a meeting of shareholders to be held:
(a) on application of any shareholder of the corporation entitled to participate in anannual meeting or any director of the corporation if an annual meeting was not held within 15months after its last annual meeting, or if there has been no annual meeting, the date ofincorporation; or
(b) on application of any person who participated in a call of or demand for a specialmeeting effective under Subsection 16-10a-702(1) if:
(i) notice of the special meeting was not given within 60 days after the date of the call orthe date the last of the demands necessary to require the calling of the meeting was delivered tothe corporation pursuant to Subsection 16-10a-702(1)(b), as the case may be; or
(ii) the special meeting was not held in accordance with the notice.
(2) The court may fix the time and place of the meeting, state whether or not it is anannual or special meeting, determine the shares entitled to participate in the meeting, specify arecord date for determining shareholders entitled to notice of and to vote at the meeting,prescribe the form and content of the meeting notice, fix the quorum required for specific mattersto be considered at the meeting, or direct that the votes represented at the meeting constitute aquorum for action on those matters, and enter other orders necessary or appropriate toaccomplish the purpose or purposes of holding the meeting.

Amended by Chapter 364, 2008 General Session