§ 20.07.
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/vt/20-07A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 20.07. Annual meeting
(a)The annual meeting date for a close corporation is the first business day after February 1 unless its articles of incorporation, bylaws, or a shareholder agreement authorized by section 20.09 of this title fixes a different date.
(b)A close corporation need not hold an annual meeting unless one or more shareholders deliver written notice to the corporation requesting a meeting at least 30 days before the meeting date determined under subsection
(a)of this section. (Added 1993, No. 85, § 2, eff. Jan. 1, 1994.)