§ 2310 Shareholder Meeting Application Rules

• •New law rules apply to any shareholder meeting or written consent that becomes effective after the law’s start date.
• •The rules apply even if a proxy or consent was signed before the law took effect.
• •If a meeting was originally called for a date before the law started and shareholders were notified, the old rules still apply to that meeting.

A company sets a shareholder meeting for March 10, but the new law took effect on February 1. A shareholder signed a proxy on January 20. The meeting and the vote are governed by the new law, even though the proxy was signed earlier.

Because the meeting happens after the law’s start date, the new rules control the vote, no matter when the proxy was signed. If the meeting had originally been planned for January 15 (before the law) and shareholders were notified, the old rules would still apply.