524.536 Shareholders’ voting list for meeting.
366 words·~2 min read·
/ia/chapter-524-banks/524-536·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. The officer or agent having charge of the stock transfer books for shares of a state bank shall, at least ten days before each meeting of shareholders, prepare a complete alphabetical list of the names of all its shareholders who are entitled to vote at the meeting or any adjournment of the meeting. The list shall be arranged by voting group and within each voting group by class or series of shares, and show the address of and the number of shares held by each shareholder. Nothing contained in this subsection shall require the state bank to include on such list the electronic mail address or other electronic contact information of a shareholder.
2. a. The shareholders’ list shall be available for inspection by any shareholder beginning ten days before the meeting and continuing through the meeting. The shareholders’ list shall be made available in at least one of the following locations:
(1)The state bank’s principal place of business.
(2)A reasonably accessible electronic network, provided that the information required to gain access to the list is provided with the notice of the meeting. In the event that the state bank determines to make the list available on an electronic network, the state bank shall take reasonable steps to ensure that such information is available only to shareholders of the state bank.
b. A shareholder, or the shareholder’s agent or attorney, is entitled on written demand to inspect the list at any time during usual business hours and at the shareholder’s expense, during the period it is available for inspection.
3. The list of shareholders shall also be produced and kept open at the time and place of the meeting and is subject to the inspection of a shareholder, or a shareholder’s agent or attorney, during the entire duration of the meeting. The original stock transfer books are prima facie evidence as to which shareholders are entitled to examine the list or transfer books or to vote at a meeting of shareholders.
4. Failure to comply with the requirements of this section shall not affect the validity of action taken at a meeting of shareholders.
[C71, 73, 75, 77, 79, 81, §524.511]
CS95, §524.536