North Carolina General Statutes 55A-7-01. Annual and regular meetings
Terms Used In North Carolina General Statutes 55A-7-01
- 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.
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
(a) A corporation having members with the right to vote for directors shall hold a meeting of the members annually.
(b) A corporation with members may hold regular membership meetings at the times stated in or fixed in accordance with the bylaws.
(c) Annual and regular membership meetings may be held (i) in person in or out of this State at the place stated in or fixed in accordance with the bylaws or (ii) by means of remote communication, as provided in N.C. Gen. Stat. § 55A-7-09. If no place is stated in or fixed in accordance with the bylaws, in-person annual and regular meetings shall be held at the corporation’s principal office.
(d) At annual and regular meetings, the members shall consider and act upon such matters as may be raised consistent with the notice requirements of N.C. Gen. Stat. § 55A-7-05 and N.C. Gen. Stat. § 55A-7-22(d).
(e) The failure to hold an annual or regular meeting at a time stated in or fixed in accordance with the corporation’s bylaws does not affect the validity of any corporate action. (1955, c. 1230; 1993, c. 398, s. 1; 2021-162, s. 2(f).)