Utah Code 16-10a-701. Annual meeting
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(1) A corporation shall hold a meeting of shareholders annually at a time stated in or fixed in accordance with the bylaws.
Terms Used In Utah Code 16-10a-701
- Bylaws: includes amended bylaws and restated bylaws. See Utah Code 16-10a-102
- 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.
- Principal office: means the office, in or out of this state, designated by a domestic or foreign corporation as its principal office in the most recent document on file with the division providing the information, including:(25)(a) an annual report;(25)(b) an application for a certificate of authority; or(25)(c) a notice of change of principal office. See Utah Code 16-10a-102
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
(2) Annual shareholders’ 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 meetings shall be held at the corporation’s principal office.(3) The failure to hold an annual meeting at the time stated in or fixed in accordance with a corporation’s bylaws does not affect the validity of any corporate action or work a forfeiture or dissolution of the corporation.