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CA AB2908
Bill
Status
7/18/2024
Primary Sponsor
Phillip Chen
Click for details
AI Summary
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Removes the December 31, 2025 deadline for corporations to conduct shareholder meetings solely by electronic means without all shareholder consent, provided the meeting includes a live audiovisual feed for the duration of the meeting.
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Extends the same indefinite authorization for nonprofit public benefit corporations, nonprofit mutual benefit corporations, nonprofit religious corporations, and cooperative corporations to hold member meetings remotely with live audiovisual feed.
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Permits remote meetings to offer both audiovisual and audio-only participation options at the member's choice, without barriers to either mode.
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Allows corporations to continue remote meetings with de minimis disruptions of audio or audiovisual feeds without requiring termination of the meeting.
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Applies amendments to Corporations Code Sections 600, 5510, 7510, 9411, and 12460 to make remote meeting provisions permanent rather than temporary.
Legislative Description
Shareholders’ meetings: remote communication.
Last Action
Chaptered by Secretary of State - Chapter 157, Statutes of 2024.
7/18/2024