21-260. Conduct of the meeting.
138 words·~1 min read·
/ne/chapter-21/21-260A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(MBCA 7.08)
(a)At each meeting of shareholders, a chairperson shall preside. The chairperson shall be appointed as provided in the bylaws or, in the absence of such provision, by the board.
(b)The chairperson, unless the articles of incorporation or bylaws provide otherwise, shall determine the order of business and shall have the authority to establish rules for the conduct of the meeting.
(c)Any rules adopted for, and the conduct of, the meeting shall be fair to shareholders.
(d)The chairperson of the meeting shall announce at the meeting when the polls close for each matter voted upon. If no announcement is made, the polls shall be deemed to have closed upon the final adjournment of the meeting. After the polls close, no ballots, proxies, or votes nor any revocations or changes thereto may be accepted.