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Assembly Bill A10497

2019-2020 Legislative Session

Relates to providing for the remote conduct of certain practices and procedures

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Archive: Last Bill Status - Stricken

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2019-A10497 (ACTIVE) - Details

Law Section:
Business Corporation Law
Laws Affected:
Amd §§708, 602 & 605, BC L; amd §§603 & 605, N-PC L; amd §11, Bank L; amd §171, Tax L; add §137-a, Exec L; amd §§3-2.1 & 7-1.17, EPT L; amd §§2981 & 4201, Pub Health L; add §304-a, RP L; amd §5-1514, Gen Ob L

2019-A10497 (ACTIVE) - Summary

Provides for the remote conduct of certain practices and procedures utilizing electronic and/or audio-visual technologies.

2019-A10497 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10497
 
                           I N  A S S E M B L Y
 
                               May 22, 2020
                                ___________
 
 Introduced  by  COMMITTEE ON RULES -- (at request of M. of A. Paulin) --
   read once and referred to the Committee on Governmental Operations
 
 AN ACT to amend the business corporation law, the not-for-profit  corpo-
   ration  law,  the  banking  law,  the  tax law, the executive law, the
   estates, powers and trusts law, the public health law, the real  prop-
   erty law and the general obligations law, in relation to providing for
   the remote conduct of certain practices and procedures
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (b) of section 708 of  the  business  corporation
 law,  as  amended by chapter 296 of the laws of 1977, is amended to read
 as follows:
   (b) Unless otherwise restricted by the certificate of incorporation or
 the by-laws, any action required or permitted to be taken by  the  board
 or  any  committee thereof may be taken without a meeting if all members
 of the board or the committee consent in writing to the  adoption  of  a
 resolution  authorizing  the  action.  The  resolution  and  the written
 consents thereto by the members of the board or committee shall be filed
 with the minutes of the proceedings of the board or committee.  NOTWITH-
 STANDING  ANY PROVISION OF LAW TO THE CONTRARY, THE WRITTEN CONSENT OF A
 MEMBER MAY BE MADE ELECTRONICALLY, WHERE SUCH CONSENT IS  SUBMITTED  VIA
 ELECTRONIC  MAIL  ALONG WITH INFORMATION FROM WHICH IT CAN BE REASONABLY
 DETERMINED THAT THE TRANSMISSION WAS AUTHORIZED BY SUCH MEMBER.
   § 2. Paragraph (a) of section 602 of the business corporation  law  is
 amended to read as follows:
   (a) Meetings  of  shareholders  may  be  held at such place, within or
 without this state, as may be fixed by or under the by-laws, or  if  not
 so fixed, [at the office of the corporation in this state] AS DETERMINED
 BY THE BOARD OF DIRECTORS. IF, PURSUANT TO THIS PARAGRAPH OR THE BY-LAWS
 OF  THE  CORPORATION,  THE BOARD OF DIRECTORS IS AUTHORIZED TO DETERMINE
 THE PLACE OF A MEETING OF SHAREHOLDERS, THE BOARD OF DIRECTORS  MAY,  IN
 ITS SOLE DISCRETION, DETERMINE THAT THE MEETING SHALL NOT BE HELD AT ANY
 PLACE,  BUT  MAY  INSTEAD BE HELD SOLELY BY MEANS OF ELECTRONIC COMMUNI-
 CATION.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

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