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MS SB2626
Bill
AI Summary
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Allows corporations to hold annual shareholder meetings remotely via electronic transmission, conference telephone, videoconference, or internet unless prohibited by the corporation's bylaws.
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Permits special shareholder meetings to be conducted remotely using the same electronic communication methods, either exclusively or in combination with physical meetings.
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Defines "remote communication" as communication via electronic means by which persons not physically present can communicate on a substantially concurrent basis.
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Requires corporations to notify shareholders of the date, time, place, and method of remote access (if applicable) for annual and special meetings between 10 and 60 days before the meeting.
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Takes effect upon passage.
Legislative Description
MS Business Corporation Act; amend to allow corporations to hold annual or special shareholder meetings remotely.
Last Action
Approved by Governor
3/17/2021