senate Bill S8412

Signed By Governor
2019-2020 Legislative Session

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

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Sponsored By

Current Bill Status - Signed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

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Actions

view actions (12)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 17, 2020 signed chap.122
Jun 05, 2020 delivered to governor
May 27, 2020 returned to senate
passed assembly
ordered to third reading rules cal.46
substituted for a10498a
referred to corporations, authorities and commissions
delivered to assembly
passed senate
ordered to third reading cal.663
May 26, 2020 reported and committed to rules
May 24, 2020 referred to corporations, authorities and commissions

Votes

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May 26, 2020 - Corporations, Authorities and Commissions committee Vote

S8412
7
0
committee
7
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Corporations, Authorities and Commissions committee vote details

Corporations, Authorities and Commissions Committee Vote: May 26, 2020

May 24, 2020 - Rules committee Vote

S8412
19
0
committee
19
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Rules committee vote details

Co-Sponsors

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S8412 (ACTIVE) - Details

See Assembly Version of this Bill:
A10498
Law Section:
Business Corporation Law
Laws Affected:
Amd §§708 & 602, BC L; amd §§603 & 605, N-PC L; add §28, Rel Corp L

S8412 (ACTIVE) - Summary

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

S8412 (ACTIVE) - Sponsor Memo

S8412 (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  8412

                            I N  S E N A T E

                              May 24, 2020
                               ___________

Introduced  by Sen. BENJAMIN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Corporations,  Authorities
  and Commissions

AN  ACT to amend the business corporation law, the not-for-profit corpo-
  ration law, and the religious corporations law, in relation to provid-
  ing for the remote conduct of certain practices and procedures  relat-
  ing to board meetings; and providing for the repeal of such provisions
  upon the expiration thereof

  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.  FOR  THE
DURATION OF THE STATE DISASTER EMERGENCY DECLARED BY EXECUTIVE ORDER TWO
HUNDRED  TWO  THAT BEGAN ON MARCH SEVENTH, TWO THOUSAND TWENTY, 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.  FOR THE DURATION OF THE STATE DISASTER EMER-
GENCY DECLARED BY EXECUTIVE ORDER TWO HUNDRED TWO THAT  BEGAN  ON  MARCH
SEVENTH,  TWO  THOUSAND  TWENTY,  IF,  PURSUANT TO THIS PARAGRAPH OR THE

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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