(a) Unless directors are elected by written consent in lieu of an annual meeting as permitted by § 33-698, a corporation shall hold a meeting of shareholders annually at a time stated in or fixed in accordance with the bylaws, provided, if a corporation’s certificate of incorporation authorizes shareholders to cumulate their votes when electing directors pursuant to § 33-712, directors may not be elected by less than unanimous written consent.

Terms Used In Connecticut General Statutes 33-695

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.

(b) Unless the board of directors determines that an annual shareholders’ meeting shall be held solely by means of remote communication in accordance with subsection (c) of § 33-703, such meeting (1) may be held in or out of this state at the place stated in or fixed in accordance with the bylaws, or (2) if no place is stated in or fixed in accordance with the bylaws, annual meetings shall be held at the corporation’s principal office.

(c) The failure to hold an annual meeting at the time stated in or fixed in accordance with a corporation’s bylaws does not affect the validity of any corporate action.