Shareholders

Question 1

Shareholders

Who Can vote?

Answer 1

General Rule:
* The record SH as of the “Record Date: has the right to vote.

Exception:
* The corporation re-acquires before the date, so it is the owner of this treasury stock is of the record date.

Question 2

Shareholders

Right to Inspect the Books

Answer 2

A Shareholder may inspect the Corporate Books, paper, accounting records, Shareholder records upon 5 days written notice (stating proper purpose for inspection)

• in Nevada, a corporation requires an affidavit that inspection is for a proper purpose
• In Nevada, imposes additional requirement upon Shareholder, requiring them to own their shares for at least 6 months or own at least 5% of corp issued stock.

Question 3

Shareholder Voting

Proxies

Answer 3

1) Writing
2) Signed by record Holder
3) Direct to Sec all corp
4) Authorized another to vote shares

• Max duration is 7 years
• 6 months when silent about duration
• even if says irrevocable it is revokable