Special Meeting(Corporate Law) Law and Legal Definition
Special meeting is a meeting called by shareholders to discuss specific matters stated in the notice of the meeting. It is a meeting of shareholders outside the usual annual general meeting. It can be seen that in the context of corporate governance, some limitations can increase the shareholder support level that is required to call a special meeting beyond the one specified by state law or can eliminate the ability to call a special meeting entirely.
Special meeting is defined by the state of Arizona as follows:
“A. Except as provided in section 10-2703, a corporation shall hold a special meeting of shareholders either:
1. On the call of its board of directors or the person or persons authorized to do so by the articles of incorporation or bylaws.
2. As provided in section 10-810, subsection D.
B. If not otherwise fixed under section 10-703 or 10-707, the record date for determining shareholders entitled to demand a special meeting is the date the first shareholder signs the demand.
C. Special shareholders' meetings may be held in or out of this state at the place stated in or fixed in accordance with the bylaws. If no place is stated in or fixed in accordance with the bylaws, special meetings shall be held at the corporation's principal office.
D. Only business within the purpose or purposes described in the meeting notice required by section 10-705, subsection C may be conducted at a special shareholders' meeting”. [A.R.S. § 10-702]
Legal Definition list
- Special Meeting(Corporate Law)
- Special Master
- Special Maritime and Territorial Jurisdiction of the United States
- Special Lien
- Special Legislation
- Special Milk Program [SMP]
- Special Mortgage
- Special Motion
- Special Motor Fuel [Internal Revenue]
- Special National Intelligence Estimate
- Special Naturalization Provisions
