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State corporate laws are surprisingly sparse on the details of annual meetings. The California Corporations Code, for example, requires that a corporation hold an annual meeting for the election of directors but does not detail who can or cannot attend that meeting. Cal. Corp. Code § 600(b). Given this legal lacuna, do shareholders have a right to attend meetings of shareholders and can corporations impose conditions upon attendance?
Many publicly traded companies do impose conditions upon attendance, including a requirement that the shareholder present photo identification. For example, The Coca Cola Company's proxy statement for its 2020 annual meeting imposed an ID requirement: