Sunday, May 12, 2024 10:58:16 AM
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Are Delaware corporations required to hold annual meetings?
Delaware law requires every corporation to hold an annual shareholders meeting at least once every 13 months. Generally, the date of the annual meeting is contained in the bylaws of the corporation. A meeting must be held, regardless of the number of shareholders in the corporation.
Delaware corporate bylaws set the rules for the company, including stockholder meeting procedures, stockholder and/or officer duties, voting regulations, day-to-day guidance and more -- all of which help the business run smoothly. Corporate bylaws are required in a majority of U.S. states, DELAWARE UNCLUDED.
Maybe soon this Charade of a company will soon come to an end!
CHEERS
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