A shareholders meeting is a meeting of the owners of a corporation. Owners choose directors at their meetings.Under the new law, for profit and notforprofit corporations are permitted to hold their shareholder or member meetings solely through virtual means. This alert is intended to provide basic guidance to entities organized in New York considering virtual meetings. Notice of a special meeting shall also state the purpose or purposes for which the meeting is called. As companies finalize materials for annual shareholder meetings, we recommend consideration of the following key requirements and disclosures.

Director Meeting Vs Shareholder Meeting In New York

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