§ 13.1-656 Court-ordered meeting
A. The circuit court of the city or county where a corporation’s principal office is located or, if none in the Commonwealth, where its registered office is located, may, after notice to the corporation, order a meeting of shareholders to be held:
1. On petition of any shareholder of the corporation if an annual meeting was not held or action by written consent in lieu of an annual meeting did not become effective within 15 months after its last annual meeting or, if there has been no annual meeting, the date of its incorporation; or
2. On petition of one or more shareholders who signed a demand for a special meeting valid under subsection A of § 13.1-655 if: a. Notice of the special meeting was not given within 30 days after the first day on which the requisite number of such demands have been delivered to the corporation’s secretary; or b. The special meeting was not held in accordance with the notice.
B. The court may fix the date, time, and place of the meeting, determine the shares entitled to participate in the meeting, specify a record date or dates for determining shareholders entitled to notice of and to vote at the meeting, prescribe the form and content of the meeting notice, fix the quorum required for specific matters to be considered at the meeting, or direct that the shares represented at the meeting constitute a quorum for action on those matters, and enter other orders necessary to accomplish the purpose or purposes of the meeting.
History
This law was first created in 1985. The record of its establishment is cataloged in chapter 522 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1985 “Acts” aren’t available online. It has been modified 4 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 2005, chapter 765; in 2007, chapter 165; in 2010, chapter 782; in 2019, chapter 734.
1985, c. 522; 2005, c. 765; 2007, c. 165; 2010, c. 782; 2019, c. 734.