| Title: | Market Investing |
| Moderator: | 2155::michaud |
| Created: | Thu Jan 23 1992 |
| Last Modified: | Thu Jun 05 1997 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 1060 |
| Total number of notes: | 10477 |
Does anybody know the US and State Law around shareholder access to
a list of shareholders.
For a public corporation does a shareholder have a right to demand a
list of current shareholders from the company/transfer agent? If so
what law states this?
What is the law for a private corporation on the same question? In
particular I'm interested in the law for a Massachusetts based entity.
I'm sure I read somewhere that a shareholder has the right to send
information pertaining to a company to all other shareholders but I
can't remember where I got that information from. I presume that this
is how proxy fights are done. My main interest is answers related to a
proviate cprporation rather than a public one but I'll take any answers
you have.
Dave
| T.R | Title | User | Personal Name | Date | Lines |
|---|---|---|---|---|---|
| 30.1 | How it works | SDSVAX::SWEENEY | Teach all nations | Thu Jan 30 1992 12:45 | 16 |
Generally, an ad is placed in the Wall Street Journal, or somewhere
else.
"HEY! Shareholders of Acme Inc. contact DF King (or some other company
that specializes in this field at 800-xxx-xxxx and get info on how to
throw the management out. /signed/ Committee to Save Acme from It's
Management."
Then institutional investors are contacted one by one.
Then with a list of x% of the shareholders, you ask the corporation
itself for the complete list, or rather you ask for a release of the
list to a third party so you can solicit them by mail and phone.
If the corporation balks, then take them to court. Generally, after at
lot of negotiation, you get access to the list.
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| 30.2 | CHESS::KAIKOW | Thu Jan 30 1992 14:29 | 5 | ||
re: 30.0 SEC has such regulations. Don't know if they distinguish 'twen public and private corporations tho. | |||||
| 30.3 | Looking for more help | SMAUG::GARROD | An Englishman's mind works best when it is almost too late | Thu Jan 30 1992 19:10 | 10 |
Can somebody give me a pointer on how to research this for MA based
corporations or more particularly MA based private corporate
corporations.
What rights in general does a shareholder of a non publicly traded
corporation have? Where are these codified?
Thanks,
Dave
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| 30.4 | SDSVAX::SWEENEY | Teach all nations | Thu Jan 30 1992 22:15 | 7 | |
You may have to consu�lt a law��yer to get more info.
I don't hold much hope out for you. ��Disclosure requirements are much
stringent on public��y��-tradeed corporations.
Corporations whose stock does not trade publicly are generally only
subject to state law.����
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