AR SB11

Allows Arkansas corporations to hold annual and special shareholder meetings solely or partially through remote communication if authorized by the board of directors.

Requires corporations and banks to adopt guidelines and procedures for remote meetings that provide shareholders and proxy holders with reasonable opportunity to participate, be deemed present, and vote on matters.

Permits state bank stockholders to vote by remote communication if the bank implements reasonable measures to verify participant identity and provide adequate participation opportunity.

Applies the Arkansas Business Corporation Act provisions to state banks and subsidiary trust companies for shareholder meeting purposes, with the Arkansas Banking Code controlling in case of conflict.

Declares an emergency effective immediately upon approval, citing COVID-19 and its variants as causing delays in conducting in-person shareholder meetings.