assembly Bill A1025

Signed By Governor
2021-2022 Legislative Session

Allows corporations to conduct business and meetings electronically for a certain period of time

download bill text pdf

Sponsored By

Current Bill Status Via S3917 - 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 (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Apr 06, 2021 signed chap.98
Apr 01, 2021 delivered to governor
Mar 17, 2021 returned to senate
passed assembly
ordered to third reading cal.162
substituted for a1025
Mar 17, 2021 substituted by s3917a
Mar 11, 2021 advanced to third reading cal.162
Mar 09, 2021 reported
Feb 09, 2021 reported referred to codes
Jan 07, 2021 referred to corporations, authorities and commissions

Votes

view votes

Feb 9, 2021 - Corporations, Authorities and Commissions committee Vote

S3917
6
0
committee
6
Aye
0
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Committee Vote: Feb 9, 2021

aye wr (1)

Co-Sponsors

A1025 (ACTIVE) - Details

See Senate Version of this Bill:
S3917
Law Section:
Business Corporation Law
Laws Affected:
Amd §§708 & 602, BC L; amd §§603 & 605, N-PC L; amd §28, Rel Corp L
Versions Introduced in 2019-2020 Legislative Session:
A11150, S9110

A1025 (ACTIVE) - Summary

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.

A1025 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1025
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              January 7, 2021
                                ___________
 
 Introduced by M. of A. PAULIN -- read once and referred 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 allowing
   corporations to conduct business and  meetings  electronically  for  a
   certain period of time
 
   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 122 of the laws of 2020, 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, OR UNTIL
 DECEMBER THIRTY-FIRST, TWO  THOUSAND  TWENTY-ONE,  WHICHEVER  IS  LATER,
 notwithstanding  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, as
 amended by chapter 122 of the laws  of  2020,  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

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.