Law360, New York ( January 9, 2015, 5:48 PM EST) -- An advance notice bylaw typically requires that nominations for directors made by a shareholder be submitted to a corporation within a specified time period (say, 60 to 90 days before the first anniversary of the previous year's annual meeting). These provisions provide several benefits to a company, including giving a board time to evaluate the proposed candidates and preventing last minute "surprise attacks" by third parties for control or board representation....
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