SB 217 - Goodman, Jack
Allows remote participation in certain corporate shareholders' meetings and allows limited liability companies and limited partnerships to administratively cancel their respective documents of organization
Bill Details
Sponsor
LR Number
0997S.01T
Title
SB 217
House Handler
Journal Page
N/A
Effective Date
August 28, 2009
Committee
Current Status
Signed by Governor
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 217 - Shareholders and proxyholders may participate and vote in shareholders meetings by remote communication if authorized by the board of directors. The corporation shall attempt to reasonably verify that each remote participant is an actual shareholder or proxyholder. Remote participants shall be provided an opportunity to read or hear the proceedings of the meeting substantially concurrently with the actual proceeding, vote, and otherwise participate in the meeting. When a remote participant votes or takes other action, a record of the vote or action shall be retained by the corporation.
The secretaries of limited liability companies and limited partnerships shall have the power to administratively cancel an articles of organization or certificate of limited partnership if the entities duration expires as stated in the articles or certificate. Secretaries also have the power to rescind the cancellation and reinstate the articles or certificate.
This act is similar to HB 481 (2009), HB 187 (2009), HB 235 (2009), and HB 475 (2009).
CHRIS HOGERTY