16-10a-701 - Annual meeting.
16-10a-701. Annual meeting.
(1) A corporation shall hold a meeting of shareholders annually at a time stated in orfixed in accordance with the bylaws.
(2) Annual shareholders' meetings may be held in or out of this state at the place stated inor fixed in accordance with the bylaws. If no place is stated in or fixed in accordance with thebylaws, annual meetings shall be held at the corporation's principal office.
(3) The failure to hold an annual meeting at the time stated in or fixed in accordance witha corporation's bylaws does not affect the validity of any corporate action or work a forfeiture ordissolution of the corporation.
Enacted by Chapter 277, 1992 General Session