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NY A09969

Bill

Status

Passed

11/21/2022

Primary Sponsor

Amy Paulin

Click for details

Origin

Assembly

2021-2022 General Assembly

AI Summary

  • Permits not-for-profit corporation members to provide consent to corporate actions via electronic mail or other electronic means in addition to written consent.

  • Allows directors elected to fill vacancies to serve until the end of the unexpired term or a board-determined term ending at an annual meeting, rather than requiring them to serve only until the next annual election.

  • Expands electronic consent options for board and committee actions to include electronic mail or other electronic means alongside written consent.

  • Clarifies that directors with conflicts of interest who are physically present at a meeting count toward quorum determination even if they do not vote on conflicted matters.

  • Takes effect immediately upon enactment.

Legislative Description

Modernizes provisions of law relating to members, directors and officers to align with current practices, streamline procedures and eliminate unnecessary regulatory burdens.

Last Action

signed chap.614

11/21/2022

Committee Referrals

Corporations, Authorities and Commissions5/10/2022
Corporations, Authorities and Commissions4/27/2022

Full Bill Text

No bill text available