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13-C §709. Remote participation in annual and special meetings

13-C ME Rev Stat § 709 (2019) (N/A)
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§709. Remote participation in annual and special meetings

1.  Participation by means of remote communication.  Shareholders of any class or series may participate in any meeting of shareholders by means of remote communication to the extent the board of directors authorizes participation for the class or series. Participation by means of remote communication is subject to guidelines and procedures adopted by the board of directors and must be in conformity with subsection 2.

[PL 2011, c. 274, §26 (NEW).]

2.  Shareholder presence and voting.  Shareholders participating in a shareholders' meeting by means of remote communication are deemed present and may vote at the meeting if the corporation has implemented reasonable measures:

A. To verify that each person participating remotely is a shareholder; and   [PL 2011, c. 274, §26 (NEW).]

B. To provide the shareholders a reasonable opportunity to participate in the meeting and to vote on matters submitted to the shareholders, including an opportunity to communicate and to read or hear the proceedings of the meeting, substantially concurrently with the proceedings.   [PL 2011, c. 274, §26 (NEW).]

[PL 2011, c. 274, §26 (NEW).]

SECTION HISTORY

PL 2011, c. 274, §26 (NEW).

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