Bills › 89th General Assembly
SSB 1216
Topics:Business & economy
Where it is now
- Done: IntroducedFebruary 22, 2021
- Done: SubcommitteeFebruary 22, 2021
- Done: Senate committeeMarch 4, 2021
- Skipped: Passes the SenateContinued as SF 564
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Became SF 564 → Its progress continues under the new number. Go to SF 564 What’s a funnel?
What’s in it
AI summary Directors of Iowa corporations can now approve business decisions without a formal meeting by using electronic or typed signatures instead of just physical ones. This change allows them to send their agreement through digital methods like email or other electronic processes. These new rules apply unless a company's own official documents specifically forbid this type of voting.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. 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