524.532 - MEETINGS OF SHAREHOLDERS.
524.532 MEETINGS OF SHAREHOLDERS. Meetings of shareholders may be held at a place, within this state, as provided in the articles of incorporation or the bylaws, or as fixed in accordance with their provisions. In the absence of any such provision, all meetings shall be held at the principal place of business of the state bank. An annual meeting of the shareholders shall be held during the specific month as shall be provided in the articles of incorporation, at the date and time as stated in or fixed in accordance with the bylaws. Failure to hold the annual meeting during the month shall not work a forfeiture or dissolution of the state bank. Special meetings of the shareholders may be called by the president, the board of directors, the holders of not less than one-tenth of all the shares entitled to vote at the meeting, or other officers or persons as provided in the articles of incorporation or the bylaws.
Section History: Early Form [C71, 73, 75, 77, 79, 81, § 524.508]
Section History: Recent Form 84 Acts, ch 1032, § 2 CS 95, §524.532