Legal Question in Business Law in Arizona
Shareholder meetings
Small closely held company. Incorporated in Arizona. For shareholder meetings, are shareholders permitted to bring counsel with them? May the organization have legal counsel present without creating shareholder precidence?
Asked on 8/08/02, 6:47 pm
1 Answer from Attorneys
Charles Aspinwall
Charles S. Aspinwall, J.D., LLC
Re: Shareholder meetings
There are no hard/fast rules about this. It is customary for corporate counsel to attend such meetings to advise the Board if questions arise. If it is purely a public shareholders meeting, there can be no legal objection if a shareholder is accompanied by legal counsel. If personnel matters or competitive matters of sensitivity are to be discussed, it is improper for outsiders to be present. Usually the latter is not the case is shareholders meetings.
Answered on 8/08/02, 6:56 pm
Related Questions & Answers
-
Out of Business Our little business was closed in March of 2002 we had a customer... Asked 7/26/02, 11:53 am in United States Arizona Business Law
-
LLC - Federal Tax ID Do LLC's have to get Federal Tax ID #'s or do they use the... Asked 7/24/02, 4:00 pm in United States Arizona Business Law
-
Video and Audio Taping without Consent Is it legal in the State of Arizona for a... Asked 7/16/02, 11:50 pm in United States Arizona Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
