hihopes: Re: Notices
Although 30-45 days notice sounds reasonable to me, reality is otherwise. Since FAMH appears to be registered in Texas, this is gleaned from the Texas statutes........ and may apply here.
<<Art. 2.25. Notice of Shareholders' Meetings.
A. Written or printed notice stating the place, day and hour
of the meeting and, in case of a special meeting, the purpose or
purposes for which the meeting is called, shall be delivered not
less than ten (10) nor more than sixty (60) days before the date
of the meeting, either personally or by mail, by or at the
direction of the president, the secretary, or the officer or
person calling the meeting, to each shareholder entitled to vote
at such meeting. If mailed, such notice shall be deemed to be
delivered when deposited in the United States mail addressed to
the shareholder at his address as it appears on the share
transfer records of the corporation, with postage thereon
prepaid.>>
So, allowing for mail delivery delays, it is possible to not receive notices until only 5 days before the hypothetical meeting. Hardly time to check the materials, evaluate, and make last minute arrangements to attend. If FAMH times its activities close to this threshold what does that say?. |
