PART VII. 
MEMBERS' MEETINGS, AND VOTING



 



[§414D-101] 
Annual and regular meetings.  (a)  A
corporation with members shall hold a membership meeting annually at a
time stated in or fixed in accordance with the bylaws.



(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 in or out of this State at the place stated in or fixed in accordance
with the bylaws.  If no place is stated in or fixed in accordance with the
bylaws, annual and regular meetings shall be held at the corporation's
principal office.



(d)  At the annual meeting:



(1)  The president and chief financial officer shall
report on the activities and financial condition of the corporation; and



(2)  The members shall consider and act upon such
other matters as may be raised consistent with the notice requirements of
sections 414D‑105 and 414D‑111.



(e)  At regular meetings the members shall
consider and act upon such matters as may be raised consistent with the notice
requirements of sections 414D‑105 and 414D‑111.



(f)  The failure to hold an annual or regular
meeting at a time stated in or fixed in accordance with a corporation's bylaws
shall not affect the validity of any corporate action. [L 2001, c 105, pt of
§1]