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NY A11150
Bill
Status
12/4/2020
Primary Sponsor
Amy Paulin
Click for details
AI Summary
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Extends electronic meeting and business authorization for business corporations, not-for-profit corporations, and religious corporations through December 31, 2021, or until the state disaster emergency ends, whichever occurs later
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Permits written board and committee consents to be submitted electronically via email with verifiable authorization, replacing the requirement for physical signatures
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Allows shareholders of business corporations and members of not-for-profit corporations to hold meetings entirely through electronic communication platforms, designated as the official meeting location
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Requires not-for-profit corporations conducting electronic or partial electronic meetings to verify participant identity, provide reasonable opportunity to participate and vote, and maintain records of electronic votes and actions
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Mandates notice to members include the means of electronic communication available for meeting participation and applies the same requirements to adjourned meetings
Legislative Description
Allows corporations to conduct business and meetings electronically either for the duration of the state disaster emergency or until December 31, 2021, whichever is later.
Last Action
referred to corporations, authorities and commissions
12/4/2020