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  • NJ A2971
  • Clarifies that corporate directors may approve actions without a meeting by electronic transmission.
Introduced
(2/16/2016)
In Committee
(2/16/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill clarifies that corporate directors may approve actions without a meeting by electronic transmission. Under current law, any action required or permitted to be taken pursuant to authorization voted at a meeting of the board, or a committee thereof, may be taken without a meeting if, prior to the action, all members of the board or committee consent to the action in writing. The bill clarifies that this consent may also be by electronic transmission. This bill is recommended by The New Jersey Corporate and Business Law Study Commission (the "Commission"). The Commission believes that, in addition to the historic practice of approving action by written consent, directors already approve action by electronic transmission. In light of changes in technology, the Commission believes that it is appropriate to clarify that directors may use electronic transmissions to approve corporate actions.
Commerce and Economic Development
Introduced, Referred to Assembly Commerce and Economic Development Committee  (on 2/16/2016)
 
 

Date Chamber Action Description
2/16/2016 A Introduced, Referred to Assembly Commerce and Economic Development Committee
Date Motion Yea Nay Other
None specified