Common use of Notice of Action by Shareholders on Bylaws Clause in Contracts

Notice of Action by Shareholders on Bylaws. In the case of a meeting of shareholders that has as one of its purposes action on the bylaws, written notice shall be given to each shareholder that the purpose, or one of the purposes, of the meeting is to consider the adoption, amendment or repeal of these bylaws. There shall be included in, or enclosed with, the notice a copy of the proposed amendment or a summary of the changes to be effected thereby.

Appears in 2 contracts

Samples: Merger Agreement (Marlin Business Services Corp), Merger Agreement (Blue Ridge Real Estate Co)

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Notice of Action by Shareholders on Bylaws. In the case of a meeting of shareholders that has as one of its purposes action on the adoption, amendment or repeal of these bylaws, written notice shall be given to each shareholder that the purpose, or one of the purposes, of the meeting is to consider the adoption, amendment or repeal of these the bylaws. There shall be included in, or enclosed with, the notice a copy of the proposed amendment or a summary of the changes to be effected thereby.

Appears in 2 contracts

Samples: Merger Agreement (Exelon Corp), Merger Agreement (Public Service Enterprise Group Inc)

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