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The Florida Statutes

The 2001 Florida Statutes

Title XXXVI
Business Organizations
Chapter 607
Corporations
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Section 607.0702, Florida Statutes 2001

607.0702  Special meeting.--

(1)  A corporation shall hold a special meeting of shareholders:

(a)  On call of its board of directors or the person or persons authorized to do so by the articles of incorporation or bylaws; or

(b)  If the holders of not less than 10 percent, unless a greater percentage not to exceed 50 percent is required by the articles of incorporation, of all the votes entitled to be cast on any issue proposed to be considered at the proposed special meeting sign, date, and deliver to the corporation's secretary one or more written demands for the meeting describing the purpose or purposes for which it is to be held.

(2)  Special shareholders' meetings may be held in or out of the state at a place stated in or fixed in accordance with the bylaws or, when not inconsistent with the bylaws, in the notice of the special meeting. If no place is stated in or fixed in accordance with the bylaws or in the notice of the special meeting, special meetings shall be held at the corporation's principal office.

(3)  Only business within the purpose or purposes described in the special meeting notice required by s. 607.0705 may be conducted at a special shareholders' meeting.

History.--s. 50, ch. 89-154.