Bills › 89th General Assembly
Providing for actions taken by a board of directors of a corporation without a meeting
Sponsored by the House Commerce Committee
Topics:Business & economy
Where it is now
- Done: IntroducedFebruary 23, 2021
- Done: SubcommitteeFebruary 23, 2021
- Done: House committeeMarch 1, 2021
- Stopped: Passes the HouseDied when the General Assembly ended
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2022 session adjourned on May 24, 2022, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary Company directors can now approve business decisions without holding a formal meeting if they all agree. They can provide this agreement using electronic signatures or by sending it through digital messages instead of only using physical paper and ink.1
Read the official explanation
821(1)). The bill provides that a director’s consent may be signed by manual, facsimile, conformed, or electronic signature.140(13)). A facsimile, conformed (typed), or electronic signature is used to authenticate a document in place of a manual signature (a physical mark impressed into paper).821(2) and (3)) to conform with changes recommended by the American bar association and included in legislation being considered by the General Assembly (SF 266 and HSB 39). The provisions of the bill which include the new consent process by directors prevails over a provision in other legislation that does not include that consent provision if both were to be enacted.
House subcommittee
Named February 23, 2021 (as HSB 234). On February 25, 2021 it recommended passage. Vote Total: 3-0.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Family tree
Study bill
89th General Assembly