123.95.The shareholders of a company that has not made a distribution to the public of its securities may participate and vote at a shareholders’ meeting by any means allowing all the participants to communicate with each other,
(1) if the articles of the company permit it, or,
(2) failing provisions that permit it in the articles, if all the shareholders entitled to participate and vote at the meeting consent thereto.
1979, c. 31, s. 27; 1980, c. 28, s. 14; 1987, c. 5, s. 6.
123.95.The shareholders of a company that has not made a distribution to the public of its securities may participate and vote at a shareholders’ meeting by any means allowing all the participants to communicate with each other,
(1) if the articles of the company permit it, or,
(2) failing provisions in the by-laws in that regard, if all the shareholders entitled to participate and vote at the meeting consent thereto.