An act providing for the revised corporation code of the philippines

SEC. 50. Place and Time of Meetings of Stockholders or Members. – Stockholders’ or 
members’ meetings, whether regular or special, shall be held in the principal office of the 
corporation as set forth in the articles of incorporation, or, if not practicable, in the city or 
municipality where the principal office of the corporation is located: Provided, That any city or 
municipality in Metro Manila, Metro Cebu, Metro Davao, and other Metropolitan areas shall, for 
purposes of this section, be considered a city or municipality. 

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Notice of meetings shall be sent through the means of communication provided in the 
bylaws, which notice shall state the time, place and purpose of the meetings.
Each notice of meeting shall further be accompanied by the following: 
(a) The agenda for the meeting; 
(b) A proxy form which shall be submitted to the corporate secretary within a reasonable 
time prior to the meeting;
(c) When attendance, participation, and voting are allowed by remote communication or in 
absentia, the requirements and procedures to be followed when a stockholder or member elects 
either option; and 
(d) When the meeting is for the election of directors or trustees, the requirements and 
procedure for nomination and election. 
All proceedings and any business transacted at a meeting of the stockholders or members, 
if within the powers or authority of the corporation, shall be valid even if the meeting is improperly 
held or called: Provided, That all the stockholders or members of the corporation are present or 
duly represented at the meeting and not one of them expressly states at the beginning of the meeting 
that the purpose of their attendance is to object to the transaction of any business because the 
meeting is not lawfully called or convened.