- annual meeting
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annual meet·ing n: a meeting of shareholders that the law requires a corporation to hold each year for the election of directors and the transaction of other business compare special meeting◇ In order for a vote taken at an annual meeting to be valid, shareholders must have received notice of the time, place, and date of the meeting within a certain period, and there must be enough shareholders present to make a quorum.
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
- annual meeting
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A term commonly used to refer to annual meetings of shareholders or directors of a corporation. Shareholders normally meet to elect directors or to consider major structural changes to the corporation, such as amending the articles of incorporation or merging or dissolving the corporation. Directors meet to consider or ratify important business decisions, such as borrowing money, buying real property, or hiring key employees.Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc.
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
- annual meeting
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USAThe meeting of stockholders held each year to elect officers and directors, to ratify actions of officers and directors and to vote on corporate matters which come before it. The certificate of incorporation or by-laws of the company fix a date for such meeting each year. Annual meetings are required of publicly held companies.Related linksSection 15(d) filer
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
