Bills › 89th General Assembly
Providing for actions taken by a board of directors of a corporation without a meeting
Sponsored by the Senate Commerce (companion To Lsb 2269hv By Committee on Commerce) Committee
Topics:Business & economy
Where it is now
- Done: IntroducedFebruary 22, 2021
- Done: SubcommitteeFebruary 22, 2021
- Done: Senate committeeMarch 4, 2021
- Stopped: Passes the SenateDied when the General Assembly ended
- Next: House committee
- Next: Passes the House
- 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 in Iowa can now approve business decisions without holding a formal meeting if they all agree. Instead of signing paper by hand, they are allowed to use electronic or typed signatures to give their consent. This change makes it easier for boards to communicate and make decisions using digital tools.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.
Senate subcommittee
Named February 22, 2021 (as SSB 1216). On March 1, 2021 it recommended amendment and passage.
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
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89th General Assembly