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Financial Services Law Insights and Observations

Tennessee authorizes remote shareholder meetings

State Issues Covid-19 Tennessee Shareholders

State Issues

On May 1, the governor of Tennessee issued Executive Order No. 32, which authorizes certain corporations to utilize remote communications for shareholder meetings.  For corporations holding remote shareholder meetings, the order suspends requirements that corporations make a list of shareholders entitled to receive notice of the meeting available at the meeting, provided the list is made available on an electronic network to which shareholders are granted access.