Endres Floral Co. v. Endres

The court of appeals held, and appellees argue, that because the notice sent by the company to the shareholders informing them of the June 7, 1971 shareholders meeting did not specifically state that one of the purposes of the meeting was to consider the buy/sell agreement, the agreement was void and unenforceable. We disagree.

R.C. 1701.41(A) provides that: “Written notice stating the time, place, and purposes of a meeting of the shareholders shall be given * * (Emphasis added.) However, the requirement that the notice shall specify the precise purpose or purposes of the meeting can be waived…