524.532 Meetings of shareholders. Meetings of shareholders may be held at a place as provided in the articles of incorporation or the bylaws, or as fixed in accordance with their provisions. In the absence of any suchprovision, all meetings shall be held at the principal place of business of the state bank.An annual meeting of the shareholders shall be held during the specific month as shall beprovided in the articles of incorporation, at the location, date, and time as stated in or fixedin accordance with the bylaws. Failure to hold the annual meeting during the month shallnot work a forfeiture or dissolution of the state bank. Special meetings of the shareholdersmay be called by the president, the board of directors, the holders of not less than one-tenthof all the shares entitled to vote at the meeting, or other officers or persons as provided inthe articles of incorporation or the bylaws. If a state bank holds a shareholder meeting ata location outside this state, the articles of incorporation or bylaws must permit any or allshareholders to participate by any means of communication as specified in section 524.533,subsection 4. ata location outside this state, the articles of incorporation or bylaws must permit any or allshareholders to participate by any means of communication as specified in section 524.533,subsection 4. [C71, 73, 75, 77, 79, 81, §524.508]84 Acts, ch 1032, §2CS95, §524.5322022 Acts, ch 1062, §48 Sat Dec 23 01:14:20 2023 Iowa Code 2024, Section 524.532 (24, 0)
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