This text of Louisiana § 12:1-709 (Remote participation in annual and special meetings) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
§1-709. Remote participation in annual and special meetings
A. Shareholders of any class or series 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 or series. Participation 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 B of this Section.
B. Shareholders participating in a shareholders' meeting 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:
(1)Verify that each person participating remotely is a shareholder.
(2)Provide such shareholders a reaso
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§1-709. Remote participation in annual and special meetings
A. Shareholders of any class or series 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 or series. Participation 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 B of this Section.
B. Shareholders participating in a shareholders' meeting 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:
(1) Verify that each person participating remotely is a shareholder.
(2) 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.
C. Notwithstanding any provision of this Subpart to the contrary, unless the bylaws
expressly require the meeting of shareholders to be held at a place, the board of directors may
determine that any meeting of shareholders shall be held solely by means of remote
communication, in accordance with the provisions of Subsection B of this Section and the
guidelines and procedures as the board of directors adopts.
D. Notwithstanding the requirements of R.S. 6:647, 648, or any other provision of
law to the contrary, banks, savings banks, savings and loan associations, and credit unions
may permit shareholders or members of the financial institution to participate in any meeting
of shareholders or members by means of remote communication, or unless the bylaws
expressly require the meeting of shareholders or members to be held at a place, hold any
meeting solely by means of remote communication. Any such participation 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 B of this Section. Participation
by remote communication may include but is not limited to any telephonic or internet form
of communication.
NOTE: AS BETWEEN THE CONFLICTING EFFECTIVE DATES OF ACTS
2020, 2 ND EX. SESS., NO. 3 AND NO. 46, ACT NO. 46 IS CERTIFIED AS THE LATEST
EXPRESSION.