Four years ago, I wrote about whether it is possible for a Nevada corporation to hold a virtual only meeting of shareholders. After explaining the various legislative changes over the years, I concluded:
"The result is that no special provision need be made in either the articles of incorporation or bylaws for a Nevada corporation to hold a virtual stockholder meeting, but the meeting may not be solely virtual unless the articles of incorporation or bylaws so permit."
I do not know whether members of the Nevada legislature read this blog, but the legislature amended the statute last year as follows:
"[If authorized in] Unless otherwise restricted by the articles of incorporation or bylaws, a meeting of stockholders may be held solely by remote communication pursuant to subsection 4.
Stats. Nev. 2019, ch. 19, ยง 10 (AB 207). As a result, virtual meetings are now authorized unless restricted by the articles of incorporation or bylaws. However two requirements pertain to a virtual meeting of stockholders, whether it is entirely virtual or only partially so. These are set forth in NRS 78.320(4) which requires the corporation to implement reasonable measures to: