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Code · Illinois · Chapter 805 — BUSINESS ORGANIZATIONS · Act 5

Sec. 7.15. Notice of shareholders' meetings.

185 words·~1 min read·/il/chapter-805/act-5/7-15

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Sec. 7.15. Notice of shareholders' meetings. Written notice stating the place, if any, day, hour of the meeting, and the means of remote communication, if any, by which shareholders may be deemed to be present in person and vote at such meeting, and, in the case of a special meeting, the purpose or purposes for which the meeting is called, shall be delivered not less than 10 nor more than 60 days before the date of the meeting, or in the case of a merger, consolidation, share exchange, dissolution or sale, lease or exchange of assets not less than 20 nor more than 60 days before the date of the meeting, either personally or by mail, by or at the direction of the president, or the secretary, or the officer or persons calling the meeting, to each shareholder of record 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 or her address as it appears on the records of the corporation, with postage thereon prepaid.
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