1. (a) Written notice of a special meeting must be given to the shareholders by mail according to the bylaws, but in no event for less than ten (10) days.
2. (b) Written notice of an annual meeting, even though only routine matters are to be considered at the meeting, must be given at least ten (10) days before the meeting.
3. (c) If the capital stock or the bonded indebtedness is to be increased at either a special or annual meeting, sixty (60) days’ notice is required under Arkansas Constitution, Article 12, § 8.

4. (d) The notice of a special or annual meeting should:

   1. (1) Indicate the time, place, and purpose of the meeting; and
   2. (2) Be sent by first class mail.
5. (e) The act of mailing constitutes notice.
6. (f) Any officer may sign the notice.
7. (g) Moreover, at an annual meeting, if the charter is to be amended or any other extraordinary matters submitted to the stockholders, the notice of the meeting must specify that such charter amendment or other such extraordinary matters will be submitted.

Codification Notes: This section was promulgated as Section 48-318.1 of the State Bank Department Rules prior to codification into the Code of Arkansas Rules. This section as promulgated prior to codification into the Code of Arkansas Rules provided as follows: "(Reference A.C.A. § 23-48-318)"