13.1-838 - Annual meeting. - Virginia Statutes

§ 13.1-838. Annual meeting.

A. A corporation shall hold a meeting of members annually at a time stated inor fixed in accordance with the bylaws.

B. Annual meetings of members may be held at such place, in or out of theCommonwealth, as may be provided in the bylaws or, where not inconsistentwith the bylaws, in the notice of the meeting.

C. If the articles of incorporation or bylaws so provide, members mayparticipate in an annual meeting by use of any means of communication bywhich all members participating may simultaneously hear each other during themeeting. A member participating in a meeting by this means is deemed to bepresent in person at the meeting.

D. The failure to hold an annual meeting at the time stated in or fixed inaccordance with a corporation's bylaws does not affect the validity of anycorporate action.

(Code 1950, § 13.1-213; 1956, c. 428; 1975, c. 500; 1985, c. 522; 2007, c.925.)