Phillip Chen
- Republican
- Assemblymember
- District 59
Author
Existing law, the General Corporation Law, authorizes corporations not governed by other specified state laws to conduct a meeting of shareholders by electronic transmission by and to the corporation, electronic video screen communication, conference telephone, or other means of remote communication if the corporation implements reasonable measures to provide shareholders and proxyholders a reasonable opportunity to participate and vote, among other conditions. Existing law authorizes a corporation to conduct a meeting by means of electronic communication in the absence of consent of all shareholders, on or before December 31, 2025, if the meeting includes a live audiovisual feed for the duration of the meeting. This bill would delete the above-described deadline of December 31, 2025, thereby making this provision operative indefinitely. Existing law regulates the formation and operation of a nonprofit public benefit corporation, nonprofit mutual benefit corporation, nonprofit religious corporation, or cooperative corporation. Existing law also authorizes these corporations to conduct a meeting by means of electronic communication in the absence of consent from all members, on or before December 31, 2025, if the meeting includes a live audiovisual feed for the duration of the meeting. This bill would delete the December 31, 2025, deadline in each of these provisions, thereby making them operative indefinitely.
Enrolled and presented to the Governor at 12:30 p.m.
Chaptered by Secretary of State - Chapter 157, Statutes of 2024.
Approved by the Governor.
In Assembly. Ordered to Engrossing and Enrolling.
Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 4931.).
Read second time. Ordered to Consent Calendar.
From committee: Do pass. To Consent Calendar. (Ayes 11. Noes 0.) (June 25).
From committee: Do pass and re-refer to Com. on JUD. with recommendation: To Consent Calendar. (Ayes 6. Noes 0.) (June 19). Re-referred to Com. on JUD.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 73. Noes 0. Page 4794.)
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 8. Noes 0.) (April 1).
From printer. May be heard in committee March 17.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB2908 | HTML |
| 02/15/24 - Introduced | |
| 07/10/24 - Enrolled | |
| 07/18/24 - Chaptered |
| Document | Format |
|---|---|
| 03/28/24- Assembly Banking and Finance | |
| 04/03/24- ASSEMBLY FLOOR ANALYSIS | |
| 06/21/24- Senate Judiciary | |
| 06/27/24- Sen. Floor Analyses |
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