annual meeting

noun
annual meet·​ing

Legal Definition of annual meeting

: a meeting of shareholders that the law requires a corporation to hold each year for the election of directors and the transaction of other business — compare special meeting

Note: In order for a vote taken at an annual meeting to be valid, shareholders must have received notice of the time, place, and date of the meeting within a certain period, and there must be enough shareholders present to make a quorum.

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Cite this Entry

“Annual meeting.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/annual%20meeting. Accessed 20 Sep. 2020.

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