1. A notice under this chapter must be in writing unless oral notice isreasonable in the circumstances. Unless otherwise agreed between the sender and the recipient, words in a notice or other communication under this chapter must be in English. 2. A notice or other communication may be given by any method of delivery, except that a notice or other communication by electronic transmission must be in accordance with this section. Ifthe methods of delivery are impracticable, a notice or other communication from a corporation may be given by means of a broad nonexclusionary distribution to the public, which may include a newspaper of general circulation in the area where published; radio, television, or other form of public broadcast communication; or other methods of distribution that the corporation has previously identified to itsshareholders. 3. A notice or other communication to a domestic corporation or to a registered foreign corporation may be delivered to the corporation’s registered agent at itsregistered office or to the secretary at the corporation’s principal office shown in itsmost recent biennial report required by section 490.1621 or, in the case of a foreign corporation that has not yet delivered a biennial report, in itsforeign registration statement. 4. A notice or other communication from a corporation to a shareholder may be delivered by electronic mail to the electronic mail address for a shareholder required to be included in the record of shareholders maintained pursuant to section 490.1601, subsection 4, unless the shareholder has previously notified the corporation in writing that the shareholder objects to receiving notices and other communication by electronic mail. Any notice or other communication may be delivered to a shareholder by another form of electronic transmission ifconsented to by the shareholder or ifauthorized by subsection 10. Any notice or other communication from the corporation to any other person may be delivered by electronic transmission ifconsented to by the recipient or if authorized by subsection 10. Any consent given under this subsection or subsection 10 may be revoked with respect to future notices or communications by the person who consented by giving written notice to the person to whom the consent was delivered. 5. A notice or other communication shall no longer be delivered to an electronic mail address or other electronic transmission address pursuant to subsection 4, if all of the following apply: a. The corporation receives notice from the information processing system into which such notice or other communication was entered that two consecutive notices or other communications given by electronic transmission have not been delivered to the electronic mail address or other electronic transmission address to which such notice or other communication was directed. b. Such notice of nondelivery becomes known to the secretary, the transfer agent, or another person responsible for the giving of notices or other communications for the corporation; provided, however, that the inadvertent failure to recognize such notice of nondelivery as a cessation of authority to provide a shareholder with notice by electronic mail or other electronic transmission shall not invalidate any meeting or other action. 6. Unless otherwise agreed between the sender and the recipient, a notice or other communication by electronic transmission is received when all of the following apply: a. The electronic transmission enters an information processing system directed to any of the following: (1) Inthe case ofa shareholder, theelectronic mailaddress for theshareholder required to beincludedinthe record of shareholdersmaintained pursuant tosection490.1601, subsection 4,or other electronic transmission address atwhich the shareholder has consented to receive notice or other communications by electronic transmission. (2) In the case of any other recipient, the electronic transmission address at which the recipient has consentedto receive notice or other communications by electronic transmission. b. The electronic transmission isin a form capable of being processed by that system. 7. Receipt of an electronic acknowledgment from an information processing system described in subsection 6, paragraph “a”, establishes that an electronic transmission was received but, by itself,does not establish that the content sent corresponds to the content received. 8. An electronic transmission isreceived under this section even ifno person isaware of itsreceipt. 9. A notice or other communication, if in a comprehensible form or manner, iseffective at the earliest of the following: a. Ifin a physical form, the earliest of when itis actually received, or when itis leftat any of the following: (1) A shareholder’s address included in the record of shareholders maintained pursuant to section 490.1601, subsection 4. (2) A director’s residence or usual place of business. (3) The domestic or registered foreign corporation’s principal office. b. Ifmailed by United States mail postage prepaid and addressed to a shareholder at the shareholder’s address included in the record of shareholders pursuant to section 490.1601, subsection 4, upon deposit in the mail. c. If mailed by United States mail postage prepaid and addressed to a recipient other than a shareholder, at the address included in the corporation’s records the earliest of when it is actually received, or as follows: (1) Ifsent by registered or certified mail, return receipt requested, the date shown on the return receipt signed by or on behalf of the addressee. (2) Five days after it isdeposited in the United States mail. d. Ifan electronic transmission, when it isreceived as provided in subsection 6. e. If oral, when communicated. 10. A notice or other communication may be in the form ofan electronic transmission that cannot be directly reproduced in paper form by the recipient through an automated process used in conventional commercial practice only ifall of the following apply: a. The electronic transmission is otherwise retrievable in perceivable form. b. The sender and the recipient have consented in writing to the use of such form of electronic transmission. 11. If this chapter prescribes requirements for notices or other communications in particular circumstances, those requirements govern. Ifarticles of incorporation or bylaws prescribe requirements for notices or other communications, not inconsistent with this section or other provisions of this chapter, those requirements govern. The articles of incorporation or bylaws may authorize or require delivery of notices of meetings of directors by electronic transmission. 12. In the event that any provisions of this chapter are deemed to modify, limit, or supersede the federal Electronic Signatures in Global and National Commerce Act, 15 U.S.C. §7001 et seq., the provisions of this chapter shall control to the maximum extent permitted by section 102(a)(2) of that federal Act. 13. a. Whenever notice would otherwise be required to be given under any provision of this chapter to a shareholder, the notice need not be given ifthe corporation is not permitted to deliver notice by electronic transmission pursuant to subsections 4 and 5 and any of the following apply: (1) Notices to the shareholders of two consecutive annual meetings, and all notices of meetings during the period between such two consecutive annual meetings, have been sent to such shareholder at such shareholder’s address included in the record of shareholders maintained pursuant tosection 490.1601, subsection 4,and have been returned undeliverable or could not be delivered. (2) All, but not less than two, payments of dividends on securities during a twelve-month period, or two consecutive payments of dividends on securities during a period of more than twelve months, have been sent to such shareholder at such shareholder’s address included in the record of shareholders maintained pursuant to section 490.1601, subsection 4, and have been returned undeliverable or could not be delivered. (3) No address has been provided to the corporation by or on behalf of a shareholder and the corporation has not otherwise obtained an address for the shareholder that the corporation believes isreliable. b. In addition, ifany such shareholder to which this subsection applies delivers to the corporation a written notice setting forth such shareholder’s then-current address, the requirement that notice be given to such shareholder shall be reinstated. 82; 2021 Acts, ch 165, §14, 230; 2022 Acts, ch 1021, §141; 2022 Acts, ch 1058, §2
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