(1) If the time and place of a directorís meeting is fixed by the bylaws or is regularly scheduled by the board of directors, the meeting is a regular meeting. All other meetings are special meetings.
(2) The board of directors may hold regular or special meetings in or out of this state.
(3) Unless the articles or bylaws provide otherwise, the board of directors may permit any or all directors to participate in a regular or special meeting by, or conduct the meeting through, use of any means of communication by which either of the following occurs:
(a) All directors participating may simultaneously hear or read each otherís communications during the meeting; or
(b) All communications during the meeting are immediately transmitted to each participating director, and each participating director is able to immediately send messages to all other participating directors.
(4) If a meeting is conducted through the use of any means described in subsection (3) of this section:
(a) All participating directors shall be informed that a meeting is taking place at which official business may be transacted; and
(b) A director participating in the meeting by this means is deemed to be present in person at the meeting. [1989 c.1010 §82; 2005 c.161 §1]Section: Previous 65.317 65.321 65.324 65.327 65.331 65.334 65.335 65.337 65.341 65.344 65.347 65.351 65.354 65.357 65.361 Next
Last modified: August 7, 2008