§ 4-26-701 — Shareholders' meetings generally

(a) (1) A meeting of shareholders may be held at a physical location or solely or partially by means of remote communication, either within or without this state, or as provided in the bylaws. (2) (A) A shareholders' meeting that is held solely by means of remote communication or through a combination of remote communication and an in-person meeting is permitted to the extent that: (i) The corporation's board of directors authorizes and adopts guidelines and procedures governing a remote shareholders' meeting; and (ii) Shareholders and proxy holders have the capability to participate through a method of remote communication. (B) The guidelines and procedures governing a remote shareholders' meeting shall provide verified shareholders and proxy holders who are not physically present at a shareholders' meeting to: (i) Have a reasonable opportunity to participate in the meeting; (ii) Be deemed present at the meeting; and (iii) Be permitted to vote on matters submitted at the meeting. (b) An annual meeting of the shareholders shall be held at such time as may be provided in the bylaws. Failure to hold the annual meeting at the designated time shall not work a forfeiture or dissolution of the corporation. (c) Special meetings of the shareholders may be called by the president, the board of directors, the holders of not less than one-tenth ( 1 / 10 ) of all the shares entitled to vote at the meeting, or by such other officers or persons as may be given that power in the articles of incorporation or the bylaws.

Legislative History

Amended by Act 2021, No. 253,§ 1, eff. 3/4/2021. Acts 1965, No. 576, § 30; A.S.A. 1947, § 64-214.