Title 17 · WY
17-18-304 as promptly as practicable to each shareholder of
Citation: Wyo. Stat. § 17-18-304
Section: 17-18-304
17-18-304 as promptly as practicable to each shareholder of record as of the record date set for the meeting, whether or not the shareholder is entitled to vote at the meeting.
(b) Notice of the special or annual shareholder meeting at which the voting rights are to be considered shall include or be accompanied by:
(i) A copy of the acquiring person statement delivered to the issuing public corporation pursuant to this article; and
(ii) A statement by the board of directors of the issuing public corporation which:
(A) Is authorized by its directors; and
(B) Contains the position or recommendation of the board of directors or states that the board of directors takes no position or makes no recommendation concerning the proposed control share acquisition; and
(C) Contains a statement of any dissenters' rights accorded to shareholders of the issuing public corporation under W.S. 17-18-308.
17-18-306. Voting rights; resolution. (a) Control shares acquired in a control share acquisition have the same voting rights accorded the shares before the control share acquisition only to the extent granted by resolution approved by the shareholders of the issuing public corporation.
(b) The resolution required by subsection (a) of this section shall be approved both by a majority of:
(i) All outstanding voting shares, including interested shares; and
(ii) All outstanding shares, excluding interested shares.
(c) In addition to the vote required by subsection (b) of this section, in the event the holders of the outstanding shares of a class are entitled to vote as a separate voting group and the proposed control share acquisition would, if fully carried out, result in any of the changes described in W.S.