Judges of election. 1766. Consent of shareholders in lieu of meeting. 1767.OFFICERS, DIRECTORS AND SHAREHOLDERS. Subchapter. Every shareholder of a business corporation shall be entitled to one vote for every share standing in the shareholder's name on the share register. You may sometimes hear the annual corporate shareholder meeting referred to as the "stockholder meeting" or the "general meeting. Bylaws are only used as regulations among the shareholders, directors, and officers of the corporation and do not affect contracts or other dealings with other. A meeting of shareholders of a business corporation duly called shall not be organized for the transaction of business unless a quorum is present.