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MS SB2626

Bill

Status

Passed

3/17/2021

Primary Sponsor

Chris Caughman

Click for details

Origin

Senate

2021 Regular Session

AI Summary

  • Allows corporations to hold annual shareholder meetings remotely via electronic transmission, conference telephone, videoconference, or internet unless prohibited by the corporation's bylaws.

  • Permits special shareholder meetings to be conducted remotely using the same electronic communication methods, either exclusively or in combination with physical meetings.

  • Defines "remote communication" as communication via electronic means by which persons not physically present can communicate on a substantially concurrent basis.

  • 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.

  • 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

Committee Referrals

Banking and Financial Services2/24/2021
Business and Financial Institutions1/18/2021

Full Bill Text

No bill text available