180.0701 Annual meeting.
(1) Except as provided in sub. (4), a corporation shall hold a meeting of shareholders annually at a time stated in or fixed in accordance with the bylaws.
(2)
(a) Subject to par. (b), a corporation may hold the annual shareholders' meeting in or outside this state at the place stated in or fixed in accordance with the bylaws. Subject to par. (b), if no place is stated in or fixed in accordance with the bylaws, the corporation shall hold the annual meeting at its principal office.
(b) A corporation's bylaws may authorize the board of directors, in its sole discretion, to determine that the annual shareholders' meeting shall not be held at any place, but may instead be held solely by means of remote communication as authorized under s. 180.0709.
(3) Failure to hold an annual meeting in one or more years does not affect the validity of any corporate action.
(4) If so provided in the articles of incorporation or bylaws of an investment company, the investment company is not required to hold an annual meeting of shareholders in any year in which none of the following matters is required to be acted on by the shareholders under 15 USC 80a-1 to 80a-64:
(a) Election of directors.
(b) Approval of the investment advisory agreement.
(c) Ratification of the selection of independent certified public accountants licensed or certified under ch. 442.
(d) Approval of a distribution agreement.
History: 1989 a. 303; 1995 a. 271; 2001 a. 16; 2017 a. 79.