Notify its shareholders means to give sufficient description of an action taken or about to be taken that would constitute acts or omissions as described in paragraph (1) of subdivision (a). A notice or report filed by a corporation with the United States Securities and Exchange Commission that relates to the facts and circumstances giving rise to an obligation under paragraph (1) of subdivision (a) shall satisfy all notice requirements arising under paragraph (2) of subdivision (a), but shall not be the exclusive means of satisfying the notice requirements, provided that the Attorney General or appropriate agency is informed in writing that the filing has been made together with a copy of the filing or an electronic link where it is available online without charge.
Notify its shareholders means to give sufficient description
Examples of Notify its shareholders in a sentence
Notify its shareholders in writing, unless the corporation has actual knowledge that the shareholders have been notified.
However, if any court having jurisdiction over the parties shall issue any order holding the provisions of Section 9 to be void or unenforceable, then any obligation of Nabors to make further payments hereunder shall be deemed to have been extinguished in full.