Ordinarily,action by shareholders has legal effect as a corporate act only if such action is taken at a regular or special meeting of the stockholders.

Name: Ordinarily,action by shareholders has legal effect as a corporate act only if such action is taken at a regular or special meeting of the stockholders.
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According to the law, shareholder action must be taken at a regular or special meeting of the stockholders in order for it to have legal effect as a corporate act.

Ordinarily,action by Shareholders Has Legal Effect as a Corporate Act