2022 Iowa Code
Title XII - BUSINESS ENTITIES
Chapter 491 - CORPORATIONS FOR PECUNIARY PROFIT
Section 491.17 - Remote participation in meetings of shareholders.
491.17 Remote participation in meetings of shareholders.
1. Shareholders of any class may participate in any meeting of shareholders by means of remote communication to the extent the board of directors authorizes such participation for such class. Participation as a shareholder by means of remote communication shall be subject to such guidelines and procedures as the board of directors adopts, and shall be in conformity with subsection 2.
2. Shareholders participating in a meeting of shareholders by means of remote communication shall be deemed present and may vote at such a meeting if the corporation has implemented reasonable measures to do all of the following:
a. Verify that each person participating remotely as a shareholder is a shareholder.
b. Provide such shareholders a reasonable opportunity to participate in the meeting and to vote on matters submitted to the shareholders, including an opportunity to communicate, and to read or hear the proceedings of the meeting, substantially concurrently with such proceedings.
3. Unless the bylaws require the meeting of shareholders to be held at a place, the board of directors may determine that any meeting of shareholders shall not be held at any place and shall instead be held solely by means of remote communication, but only if the corporation implements the measures specified in subsection 2.
2021 Acts, ch 165, §231, 248
Referred to in §491.104
NEW section
