True or False: If all shareholders attend a meeting despite improper notice, the meeting and resolutions are valid.

• A. True
• B. False
• C. Not stated
• D. Not applicable

Answer: (A)

The essential idea is that notice is a procedural safeguard, but it can be waived if those affected participate and consent. When every shareholder is present at the meeting and none objects to proceeding, their attendance serves as a tacit waiver of the improper notice. This ratification signals that the meeting was conducted with the owners’ consent, so the meeting can proceed and the resolutions adopted reflect the will of the shareholders. So, despite improper notice, the meeting and its resolutions are valid because there is no objection and all holders had the chance to participate. If there were absent shareholders or a valid objection to proceeding without proper notice, the result could differ.