Annual and regular meetings
HRS §414D-101
in effect414D-101. Annual and regular meetings
(a) A corporation with members shall hold a membership meeting annually at a time stated in or fixed in accordance with the bylaws.
(b) A corporation with members may hold
regular membership meetings at the times stated in or fixed in accordance with
the bylaws.
(c) Annual and regular membership meetings may
be held in or out of this State at the place stated in or fixed in accordance
with the bylaws. If no place is stated in or fixed in accordance with the
bylaws, annual and regular meetings shall be held at the corporation's
principal office.
(d) At the annual meeting:
(1) The president and chief financial officer shall
report on the activities and financial condition of the corporation; and
(2) The members shall consider and act upon other
matters as may be raised consistent with the notice requirements of sections
414D‑105 and 414D‑111.
(e) At regular meetings, the members shall
consider and act upon matters as may be raised consistent with the notice
requirements of sections 414D‑105 and 414D‑111.
(f) The failure to hold an annual or regular
meeting at a time stated in or fixed in accordance with a corporation's bylaws
shall not affect the validity of any corporate action.
(g) If authorized by the board of directors in
its sole discretion, members or proxies of members may participate at an annual
or regular meeting of members by means of the Internet, teleconference, or
other electronic transmission technology in a manner that allows members the
opportunity to:
(1) Read or hear the proceedings substantially
concurrently with the occurrence of the proceedings;
(2) Vote on matters submitted to the members;
(3) Pose questions; and
(4) Make comments.
A member or proxy of a member participating in
a meeting by means authorized by this subsection shall be deemed to be present
in person at the meeting. The corporation shall implement reasonable measures
to verify that each person deemed present and permitted to vote at the meeting
by means of the Internet, teleconference, or other electronic transmission
technology is a member or proxy of a member.
[L 2001, c 105, pt of §1; am L
2011, c 37, §6]
Source: Hawaii State Legislature (capitol.hawaii.gov), via Internet Archive capturesURL: http://www.capitol.hawaii.gov/hrscurrent/Vol08_Ch0401-0429/HRS0414D/HRS_0414D-0101.htmFetched: 11/10/2026