Certain corporations can conduct a shareholder meeting by electronic transmission if it implements reasonable measures to provide participation and voting opportunities.
Deleted the timeline of Dec. 31, 2025 so that corporations can indefinitely conduct a meeting by electronic communication in the absence of consent of all shareholders.
Also applies to meetings for a nonprofit public benefit corporation, nonprofit mutual benefit corporation, nonprofit religious corporation, or cooperative corporation.
Legislative History
On Feb. 15, 2024, bill introduced in Assembly; on Apr. 15, 2024, bill passed Assembly.
On Apr. 15, 2024, bill delivered to Senate; on Jul. 3, 2024, bill was passed in Senate.
On Jul. 5, 2024, bill returned to Assembly; on Jul. 18, 2024, bill sent to governor.
On Jul. 18, 2024, bill was signed by governor, became Chapter 157, Statutes of 2024.
