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California Annual Meetings and ID Requirements

Thursday, April 8, 2021 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:

I D Requirements And Annual Meetings | Allen Matkins

To embed, copy and paste the code into your website or blog: 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:

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