Indiana Code 23-1-29-3. Court-ordered meetings
Current as of: 2024 | Check for updates
|
Other versions
Sec. 3. The circuit or superior court of the county where a corporation‘s principal office (or, if none in Indiana, its registered office) is located may order a meeting to be held and may fix the time and place of the meeting, which shall be conducted in accordance with the corporation’s articles of incorporation and bylaws:
(2) on application of a shareholder who signed a demand for a special meeting valid under section 2 of this chapter if:
(1) on application of any shareholder of the corporation entitled to participate in an annual meeting if an annual meeting was not held within the earlier of six (6) months after the end of the corporation’s fiscal year or fifteen (15) months after its last annual meeting; or
Terms Used In Indiana Code 23-1-29-3
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(A) notice of the special meeting was not given within sixty (60) days after the date the demand was delivered to the corporation’s secretary; or
(B) the special meeting was not held in accordance with the notice.
As added by P.L.149-1986, SEC.13.