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NY A09969
Bill
Status
11/21/2022
Primary Sponsor
Amy Paulin
Click for details
AI Summary
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Permits not-for-profit corporation members to provide consent to corporate actions via electronic mail or other electronic means in addition to written consent.
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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.
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Expands electronic consent options for board and committee actions to include electronic mail or other electronic means alongside written consent.
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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.
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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