NC S239

Allows board-designated officers to exercise powers previously reserved to the board of directors, including issuing rights, options, and warrants for share purchases.

Enables shareholders to participate in meetings by remote communication if authorized by the board of directors, with reasonable verification measures and concurrent voting opportunities required.

Permits corporations to agree to submit matters to shareholder votes even if the board later determines it no longer recommends approval, with notification of the board's change in position required.

Expands circumstances when board recommendations are not required for shareholder approval of mergers, share exchanges, conversions, asset dispositions, and dissolutions to include situations where G.S. 55-8-26 applies.

Allows asset dispositions of less than substantially all corporate property without shareholder approval when the corporation retains at least 25% of assets and 25% of income or revenues from continuing operations; becomes effective January 1, 2014.