Title 14, Chapter 3, Section 707
( 14-3-707)
(a) The bylaws may fix or provide the manner of fixing the record
date to determine the members entitled to notice of a members'
meeting, to demand a special meeting to vote, or to take any other
action. If the bylaws do not fix or provide for fixing such a
record date, the board may fix a future date as such a record date. (b) A record date fixed under this Code section may not be more than
70 days before the meeting or action requiring a determination of
members. (c) A determination of members entitled to notice of or to vote at a
membership meeting is effective for any adjournment of the meeting
unless the board fixes a new record date, which it must do if the
meeting is adjourned to a date more than 120 days after the date
fixed for the original meeting. (d) If a court orders a meeting adjourned to a date more than 120
days after the date fixed for the original meeting, it may provide
that the original record date continues in effect or it may fix a
new record date. |