§ 491.17 — Remote participation in meetings of shareholders

Iowa § 491.17

• Jurisdiction: Iowa
• Title XII: BUSINESS ENTITIES
• Ch. 491: CORPORATIONS FOR PECUNIARY PROFIT

Text

1. Shareholders of any class may participate in any meeting of shareholders by means
of remote communication to the extent the board of directors authorizes such participation
for such class. Participation as a shareholder by means of remote communication shall be
subject to such guidelines and procedures as the board of directors adopts, and shall be in
conformity with subsection 2.
2. Shareholders participating in a meeting of shareholders by means of remote
communication shall be deemed present and may vote at such a meeting if the corporation
has implemented reasonable measures to do all of the following:
a. Verify that each person participating remotely as a shareholder is a shareholder.
b. Provide such shareholders a reasonable opportunity to participate in the meeting and
to vote on matters submitted to the shareholders, including an opportunity to communicate,
and to read or hear the proceedings of the meeting, substantially concurrently with such
proceedings.
3. Unlessthebylawsrequirethemeetingofshareholderstobeheldataplace, theboardof
directors may determine that any meeting of shareholders shall not be held at any place and
shall instead be held solely by means of remote communication, but only if the corporation
implements the measures specified in subsection 2.