CPA · Business Corporations Act
Part 11 — Shareholders
142 Meeting on requisition of registered holders or beneficial owners of shares
5% of the issued shares of a corporation that carry the right to vote
at a meeting sought to be held may requisition the directors to call a
meeting of shareholders for the purposes stated in the requisition,
but the beneficial owners of shares do not hereby acquire the direct
right to vote at the meeting that is the subject of the requisition.
(2) The requisition referred to in subsection (1), which may consist
of several documents in the same form, each signed by one or more
registered holders or beneficial owners of shares, shall state the
business to be transacted at the meeting and shall be sent to each
director and to the registered office of the corporation.
(3) On receiving the requisition referred to in subsection (1), the
directors shall call a meeting of shareholders to transact the
business stated in the requisition unless
(a) a record date has been fixed under section 133(2),
(b) the directors have called a meeting of shareholders and ha ve
given notice of the meeting under section 134, or
(c) the business of the meetin g as stated in the requisition
includes matters described in section 136(5)(b) to (e).
(4) If the directors do not, within 21 days after receiving the
requisition referred to in subsection (1), call a meeting, any
registered holder or beneficial owner of shares who signed the
requisition may call the meeting.
(5) A meeting called under this section shall be called as nearly as
possible in the manner in which meetings are to be called pursuant
to the bylaws, this Part and Part 12.
RSA 2000
(6) Unless the registered holders or beneficial owners of shares
resolve otherwise at a meeting called under subsection (4), the
corporation shall reimburse the registered holders or beneficial
owners of shares for the expenses reasonably incurred by them in
requisitioning, calling and holding the meeting.
RSA 2000 cB-9 s142;2005 c8 s33;2005 c40 s6;
2021 c18 s36