senate Bill S3917A

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 - 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 (14)
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 05, 2021 referred to codes
delivered to assembly
passed senate
Feb 22, 2021 advanced to third reading
amended (t) 3917a
Feb 10, 2021 2nd report cal.
Feb 09, 2021 1st report cal.327
Feb 01, 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)

S3917 - Details

See Assembly Version of this Bill:
A1025
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:
S9110, A11150

S3917 - 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.

S3917 - Sponsor Memo

S3917 - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3917
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             February 1, 2021
                                ___________
 
 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
 
   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-TWO,  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:
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05120-01-1

S3917A (ACTIVE) - Details

See Assembly Version of this Bill:
A1025
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:
S9110, A11150

S3917A (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.

S3917A (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  3917--A
     Cal. No. 327
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             February 1, 2021
                                ___________
 
 Introduced  by Sen. BENJAMIN -- read twice and ordered printed, and when
   printed to be committed to the Committee on Corporations,  Authorities
   and  Commissions -- reported favorably from said committee, ordered to
   first and second report, amended on second report, ordered to a  third
   reading,  and  to  be reprinted as amended, retaining its place in the
   order of third reading
 
 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.

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

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