504.701 - ANNUAL AND REGULAR MEETINGS.
504.701 ANNUAL AND REGULAR MEETINGS. 1. A corporation with members shall hold a membership meeting annually at a time stated in or fixed in accordance with the bylaws. 2. A corporation with members may hold regular membership meetings at the times stated in or fixed in accordance with the bylaws. 3. Annual or regular membership meetings may be held in or out of this state at the place stated in or fixed in accordance with the bylaws. If a place is not stated in or fixed in accordance with the bylaws, annual and regular meetings shall be held at the corporation's principal office. 4. At the annual meeting all of the following shall occur: a. The president and chief financial officer shall report on the activities and financial condition of the corporation. b. The members shall consider and act upon such other matters as may be raised consistent with the notice requirements of sections 504.705 and 504.713, subsection 4. 5. At regular meetings, the members shall consider and act upon such matters as may be raised consistent with the notice requirements of sections 504.705 and 504.713, subsection 4. 6. The failure to hold an annual or regular meeting at a time stated in or fixed in accordance with a corporation's bylaws does not affect the validity of any corporate action.
Section History: Recent Form 2004 Acts, ch 1049, §55, 192