60.222 Participation at meeting
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/or/ors-chapter-60/private-corporations/shareholders/60-222·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
60.222 Participation at meeting. (1)(a) Shareholders and proxy holders that are not physically present for a shareholders’ meeting may participate in the meeting, be deemed present in person and vote if the board of directors authorizes participation by remote communication. Participation by remote communication is subject to guidelines and procedures that the board adopts.
(b)Before a board of directors may authorize shareholders or proxy holders to participate by remote communication in a shareholders’ meeting, the corporation shall implement measures to:
(A)Verify that a person that is participating in the meeting by remote communication is a shareholder or a proxy holder; and
(B)Ensure that a shareholder or proxy holder may participate by remote communication in an effective manner.
(c)The corporation shall maintain a record of the vote or other action of a shareholder or proxy holder that participates in a shareholders’ meeting by remote communication.
(2)The notice of each annual or special meeting of shareholders at which the board authorizes participation in the manner described in subsection
(1)of this section shall state that the board authorizes participation by remote communication and shall describe how a shareholder may notify the corporation of the shareholder’s desire to participate in the meeting by remote communication. [1989 c.1040 §15; 2013 c.274 §5]