Senate Bill S8317A

2019-2020 Legislative Session

Relates to providing for the remote conduct of certain practices and procedures

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Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

2019-S8317 - Details

See Assembly Version of this Bill:
A10569
Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
Business Corporation Law
Laws Affected:
Amd §11, Bank L; amd §171, Tax L; add §137-a, Exec L; amd §§3-2.1 & 7-1.17, EPT L; amd §§2981 & 4201, Pub Health L; add §304-a, RP L; amd §5-1514, Gen Ob L
Versions Introduced in Other Legislative Sessions:
2021-2022: S558, S8071
2023-2024: S6967

2019-S8317 - Summary

Provides for the remote conduct of certain practices and procedures utilizing electronic and/or audio-visual technologies.

2019-S8317 - Sponsor Memo

2019-S8317 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8317
 
                             I N  S E N A T E
 
                               May 11, 2020
                                ___________
 
 Introduced  by Sen. BENJAMIN -- read twice and ordered printed, and when
   printed to be committed to the Committee on Corporations,  Authorities
   and Commissions
 
 AN  ACT to amend the business corporation law, the not-for-profit corpo-
   ration law, the banking law, the  tax  law,  the  executive  law,  the
   estates,  powers and trusts law, the public health law, the real prop-
   erty law and the general obligations law, in relation to providing for
   the remote conduct of certain practices and procedures
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Paragraph  (b) of section 708 of the business corporation
 law, as amended by chapter 296 of the laws of 1977, is amended  to  read
 as follows:
   (b) Unless otherwise restricted by the certificate of incorporation or
 the  by-laws,  any action required or permitted to be taken by the board
 or any committee thereof may be taken without a meeting if  all  members
 of  the  board  or the committee consent in writing to the adoption of a
 resolution authorizing  the  action.  The  resolution  and  the  written
 consents thereto by the members of the board or committee shall be filed
 with  the minutes of the proceedings of the board or committee. NOTWITH-
 STANDING ANY PROVISION OF LAW TO THE CONTRARY, THE WRITTEN CONSENT OF  A
 MEMBER  MAY  BE MADE ELECTRONICALLY, WHERE SUCH CONSENT IS SUBMITTED VIA
 ELECTRONIC MAIL ALONG WITH INFORMATION FROM WHICH IT CAN  BE  REASONABLY
 DETERMINED THAT THE TRANSMISSION WAS AUTHORIZED BY SUCH MEMBER.
   §  2.  Paragraph (a) of section 602 of the business corporation law is
 amended to read as follows:
   (a) Meetings of shareholders may be held  at  such  place,  within  or
 without  this  state, as may be fixed by or under the by-laws, or if not
 so fixed, [at the office of the corporation in this state] AS DETERMINED
 BY THE BOARD OF DIRECTORS. IF, PURSUANT TO THIS PARAGRAPH OR THE BY-LAWS
 OF THE CORPORATION, THE BOARD OF DIRECTORS IS  AUTHORIZED  TO  DETERMINE
 THE  PLACE  OF A MEETING OF SHAREHOLDERS, THE BOARD OF DIRECTORS MAY, IN
 ITS SOLE DISCRETION, DETERMINE THAT THE MEETING SHALL NOT BE HELD AT ANY
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

2019-S8317A (ACTIVE) - Details

See Assembly Version of this Bill:
A10569
Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
Business Corporation Law
Laws Affected:
Amd §11, Bank L; amd §171, Tax L; add §137-a, Exec L; amd §§3-2.1 & 7-1.17, EPT L; amd §§2981 & 4201, Pub Health L; add §304-a, RP L; amd §5-1514, Gen Ob L
Versions Introduced in Other Legislative Sessions:
2021-2022: S558, S8071
2023-2024: S6967

2019-S8317A (ACTIVE) - Summary

Provides for the remote conduct of certain practices and procedures utilizing electronic and/or audio-visual technologies.

2019-S8317A (ACTIVE) - Sponsor Memo

2019-S8317A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  8317--A
 
                             I N  S E N A T E
 
                               May 11, 2020
                                ___________
 
 Introduced  by Sen. BENJAMIN -- read twice and ordered printed, and when
   printed to be committed to the Committee on Corporations,  Authorities
   and   Commissions  --  committee  discharged,  bill  amended,  ordered
   reprinted as amended and recommitted to said committee
 
 AN ACT to amend the banking law, the tax law,  the  executive  law,  the
   estates,  powers and trusts law, the public health law, the real prop-
   erty law and the general obligations law, in relation to providing for
   the remote conduct of certain practices and procedures
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section  11 of the banking law is amended by adding a new
 subdivision 5 to read as follows:
   5. NOTWITHSTANDING ANY PROVISION OF LAW TO THE CONTRARY,  ANY  INSTRU-
 MENT WHICH IS SIGNED AND DELIVERED TO THE SUPERINTENDENT PURSUANT TO ANY
 PROVISION  OF  THIS  CHAPTER, AND IS REQUIRED TO BE VERIFIED OR ACKNOWL-
 EDGED PURSUANT TO THE PROVISIONS OF THIS CHAPTER,  MAY  BE  VERIFIED  OR
 ACKNOWLEDGED  BY  INCLUDING  THE STANDARD VERIFICATION OR ACKNOWLEDGMENT
 LANGUAGE IN SUCH INSTRUMENT AND  TRANSMITTING  A  LEGIBLE  COPY  OF  THE
 SIGNED  INSTRUMENT  BY FAX OR ELECTRONIC MEANS. THE SUPERINTENDENT SHALL
 PROMULGATE ALL RULES AND REGULATIONS NECESSARY FOR THE IMPLEMENTATION OF
 THE PROVISIONS OF THIS SUBDIVISION.
   § 2. Section 171 of the tax law is amended by adding a new subdivision
 twenty-ninth to read as follows:
   TWENTY-NINTH. HAVE THE AUTHORITY TO ACCEPT DIGITAL SIGNATURES IN  LIEU
 OF  HANDWRITTEN  SIGNATURES ON DOCUMENTS RELATED TO THE DETERMINATION OR
 COLLECTION OF TAX LIABILITY. THE COMMISSIONER SHALL PROMULGATE RULES AND
 REGULATIONS REGARDING WHICH DOCUMENTS SHALL  BE  ACCEPTED  WITH  DIGITAL
 SIGNATURES AND THE REQUIREMENTS FOR SUCH DIGITAL SIGNATURES.
   §  3.  The  executive  law is amended by adding a new section 137-a to
 read as follows:
   § 137-A. NOTARY SERVICES PROVIDED UTILIZING AUDIO-VIDEO TECHNOLOGY. 1.
 NOTWITHSTANDING ANY PROVISION OF LAW TO THE CONTRARY,  A  NOTARY  PUBLIC
 MAY  EXERCISE  HIS OR HER POWERS UTILIZING AUDIO-VIDEO TECHNOLOGY IF THE
 FOLLOWING CONDITIONS ARE MET:
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

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