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IL HB2949
Bill
Status
Introduced
2/18/2021
Primary Sponsor
Bob Morgan
Click for details
AI Summary
- Board of directors may authorize shareholder meetings to be held solely by remote communication, with no physical location required.
- Corporations must implement reasonable measures to ensure shareholders have meaningful opportunity to participate, vote, and receive substantially concurrent access to meeting proceedings via remote communication.
- Corporations may implement reasonable verification measures to confirm that persons participating remotely are actual shareholders entitled to vote.
- Notice of shareholders' meetings must specify the physical place (if any) and any means of remote communication by which shareholders may participate and vote.
- Voting lists may be made available to shareholders at the registered office during business hours or on a reasonably accessible electronic network, at the corporation's election.
Legislative Description
BUS CORP-SHAREHOLDERS MEETINGS
Last Action
Rule 19(a) / Re-referred to Rules Committee
3/27/2021
Committee Referrals
Rules3/27/2021
Judiciary - Civil3/9/2021
Rules2/19/2021
Full Bill Text
No bill text available