Prerequisite Annual Meeting of the Shareholders of a Corporation

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I live in and am a shareholder in a co-op in New York City.

Each year the co-op corporation:

1) Sends us, the shareholders, its Audited Financial Statements;

2) Holds an Annual Meeting that the shareholders are invited to attend.

Is the co-op corporation required to distribute its Audited Financial Statements prior to holding its Annual Shareholder Meeting so that the shareholders have an opportunity to review the AFS prior to attending the ASM?

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[+3] - izzythepush - 04/17/2021You know that A2K does not offer legal advice? I did a quick google of a question and the response I got was that it should be included in the annual report issued prior to the meeting, but that...

@gollum,

You know that A2K does not offer legal advice?

I did a quick google of a question and the response I got was that it should be included in the annual report issued prior to the meeting, but that was for a corporation, not a cooperative, in the UK and I’m not a lawyer.

For a proper answer, as opposed to guesswork, you need to speak to a lawyer.

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@izzythepush,

izzythepush-

OK. Thanks.

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@gollum,

Usual steps are ....

Members must be notified within X days of the meeting. An agenda of the meeting and a financial report should be included in the notice. Any items needing a vote of the members must also be stated on the agenda

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Prerequisite Annual Meeting of the Shareholders of a Corporation

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