§ 17-16-701 — Annual meeting

Wyoming § 17-16-701

• Jurisdiction: Wyoming
• Title 17: Corporations, Partnerships and Associations
• Ch. 16: WYOMING BUSINESS CORPORATION ACT
• Art. 7: SHAREHOLDERS

Text

(a) Unless directors are elected by written consent in
lieu of an annual meeting as permitted by W.S. 17-16-704, a
corporation shall hold a meeting of shareholders annually at a
time stated in or fixed in accordance with the bylaws.
(b) Annual shareholders' meetings may be held in or out of
this state at the place stated in or fixed in accordance with
the bylaws. If no place is stated in or fixed in accordance
with the bylaws, annual meetings shall be held at the
corporation's principal office. The board of directors may, in
its sole discretion, determine that the meeting shall not be
held at any place, but may instead be held by means of remote
communication. The board shall take into consideration
stockholders' ability to participate by remote communication and
provide an alternative means of participation for those
stockholders unable to participate by remote communication. If
authorized by the board of directors in its sole discretion, and
subject to guidelines and procedures the board of directors may
adopt, stockholders and proxies not physically present at a
meeting of stockholders may, by means of remote communication:
(i) Participate in a meeting of stockholders; and
(ii) Be deemed present in person and vote at a
meeting of stockholders, whether the meeting is held at a
designated place or solely by means of remote communication,
provided that the corporation shall implement reasonable
measures to verify that each person deemed present and permitted
to vote at the meeting by means of remote communication is a
stockholder or proxy. The corporations shall implement
reasonable measures to provide the stockholders and proxies a
reasonable opportunity to participate in the meeting and to vote
on matters submitted to the stockholders, including an
opportunity to read or hear the proceedings of the meeting
substantially concurrently with the proceeding. If any
stockholder or proxy votes or takes other action at the meeting
by means of remote communication, a record of the vote or other
action shall be maintained by the corporation.
(c) The failure to hold an annual meeting at the time
stated in or fixed in accordance with a corporation's bylaws
does not affect the validity of any corporate action.