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Replies to post #264993 on Kraig Biocraft Laboratories Inc (KBLB)
08/08/23 4:38 PM
08/08/23 5:09 PM
Well, I wish I could search all the old posts where this nonsense was put to bed on multiple occasions. Usually the crybaby is dimes.
Can force a meeting if 25% of shareholders sign a written demand.
From the bylaws:
“Section 5. Special Meetings of shareholders.
Special meetings of the shareholders may be called at any time by the Chairman of the Board of Directors, or the Board of Directors. Special meetings of the shareholders may also be called if the holders of at least twenty five percent (25%) of all the votes entitled to be cast on any issue proposed to be considered at the proposed special meeting sign, either manually or in facsimile, date, and deliver to the corporation one (1) or more written demands for the meeting describing the purpose or purposes for which it is to be herd. A written demand for a special meeting may be revoked by a writing to that effect received by the corporation prior to the receipt by the corporation of demands sufficient in number to require the holding of a special meeting.
The record date for determining shareholders entitled to demand a special meeting is the date the first shareholder signs the demand.
Special shareholders' meetings may be held in or out of this state at the place determined by the board of directors and stated in the notice of the meeting. The board of directors may, in its sole discretion, determine that the meeting shall not be held at any place, but may instead be held by means of remote communication as described above in the bylaws relating to annual meetings.”
08/08/23 5:30 PM
"A corporation shall notify shareholders of the date, time, place and means of communication of each annual and special shareholders' meeting no fewer than ten (10) nor more than sixty (60) days before the meeting date. Unless this act or the articles of incorporation require otherwise, the corporation is required to give notice only to shareholders entitled to vote at the meeting."
https://law.justia.com/codes/wyoming/2022/title-17/chapter-16/article-7/section-17-16-705/
08/08/23 6:48 PM
08/09/23 5:01 PM
AI
