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§ 2-503. Meeting place

West's Annotated Code of MarylandCorporations and AssociationsEffective: October 1, 2023

West's Annotated Code of Maryland
Corporations and Associations
Title 2. Corporations in General--Formation, Organization, and Operation (Refs & Annos)
Subtitle 5. Stockholders
Effective: October 1, 2023
MD Code, Corporations and Associations, § 2-503
§ 2-503. Meeting place
Currentness
Meetings to conform to charter or bylaws
(a) Unless the charter provides otherwise, meetings of stockholders shall be held as is:
(1) Provided in the charter or bylaws; or
(2) Set by the board of directors under the provisions of the charter or bylaws.
Meeting not held at any place
(b) If the board of directors is authorized to determine the place of a meeting of the stockholders, the board of directors may determine that the meeting not be held at any place, but instead may be held partially or solely by remote communication, as authorized by subsection (c) of this section.
Remote participation
(c) If authorized by the board of directors and subject to any guidelines and procedures that the board adopts, stockholders and proxy holders not physically present at the meeting of the stockholders may, by remote communication:
(1) Participate in the meeting of the stockholders; and
(2) Be considered present in person and may vote at the meeting of the stockholders, whether the meeting is held at a designated place or partially or solely by remote communication, if:
(i) The corporation implements reasonable measures to verify that each person considered present and authorized to vote at the meeting by remote communication is a stockholder or proxy holder;
(ii) The corporation implements reasonable measures to provide the stockholders and proxy holders a reasonable opportunity to participate in the meeting and to vote on matters submitted to the stockholders, including an opportunity to read or hear the proceedings of the meeting substantially concurrently with the proceedings; and
(iii) In the event any stockholder or proxy holder votes or takes other action at the meeting by remote communication, a record of the vote or other action is maintained by the corporation.

Credits

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1999, c. 459, § 1, eff. Oct. 1, 1999; Acts 2003, c. 387, § 1, eff. June 1, 2003; Acts 2021, c. 779, § 1, eff. Oct. 1, 2021; Acts 2021, c. 780, § 1, eff. Oct. 1, 2021; Acts 2022, c. 292, § 1, eff. Oct. 1, 2022; Acts 2022, c. 293, § 1, eff. Oct. 1, 2022; Acts 2023, c. 49, § 2, eff. April 11, 2023; Acts 2023, c. 560, § 1, eff. Oct. 1, 2023.
Formerly Art. 23, § 38.
MD Code, Corporations and Associations, § 2-503, MD CORP & ASSNS § 2-503
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document