Question

A meeting of the shareholders who hold a particular class of shares is the ________ .

• A. statutory meeting
  
• B. class meeting
  
• C. annual general meeting
  
• D. none of the above
  

Answer 1

Answer: (B)

class meeting

Class meeting is a meeting of shareholders, where the only shareholders in attendance that can vote are those that can hold a particular class of shares. When the rights of the holders of a class of shares are to be varied by the company, it may be necessary to hold a class meeting to ensure the shareholders of that class of shares can vote on that matter. At the class meeting only matters that concern that class of shares can be discussed.