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Annual Meeting of Stockholders: Glossary Definition

Definition of Annual Meeting of Stockholders:

Most corporations are statutorily (and also possibly required by its bylaws or other governing documents) to hold an annual meeting of stockholders.  At an annual meeting of stockholders, the stockholders typically vote on one or more proposals of the board of directors (and in some cases, proposals made by other stockholders), including election of directors and ratification of the selection of the company’s auditors.

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Today’s Question — Friday, September 10

Must stockholders of my corporation be issued stock certificates?

It depends. The bylaws of the corporation and applicable law should be reviewed to determine if stock my be “certificated” or if it can be “uncertificated.”

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