Class Notes 3-5 - Class Notes 3/5/12 Shareholders = Owners...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Class Notes 3/5/12 Shareholders = Owners 1. They elect the board of directors. 2. Take actions via voting for major actions of the corporation such as mergers and acquisitions. 3. Any amendments to Articles or buy laws must be approved by the shareholders. 4. Vote on Dissolution or sale of the corporation. Shareholder meeting – Must be held annually. - The corporation must provide notice to all shareholders and include the purpose of the meeting. - Proxy – One shareholder allows another shareholder to vote their shares, and they can’t be restricted for a specific purpose or duration, this is when a shareholder doesn’t go to a meeting. Shareholder Voting 1. Quorum – Shareholders interest must be represented in the meeting. 51% of the owners must come to the shareholder meeting. Any corporation may change their Quorum rules. 2. Voting List – Applies more to the public than private corp. It is a list of shareholders in the company. The list is prepared before the shareholder meeting. Can be prepared up to
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

Class Notes 3-5 - Class Notes 3/5/12 Shareholders = Owners...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online