Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 22, 2020 |
print number 8317a |
May 22, 2020 |
amend (t) and recommit to corporations, authorities and commissions |
May 11, 2020 |
referred to corporations, authorities and commissions |
Senate Bill S8317A
2019-2020 Legislative Session
Sponsored By
(D) Senate District
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
Actions
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 - Sponsor Memo
BILL NUMBER: S8317 SPONSOR: BENJAMIN TITLE OF BILL: 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 property law and the general obligations law, in relation to providing for the remote conduct of certain practices and procedures PURPOSE:: To modernize various provisions in state law relating to remote meet- ings, remote notarization and other processes. Codifies Executive Orders of 2020: EO 202.5, EO 202.7, EO 202.8, EO 202.13, EO 202.14, EO 202.15, and EO 202.18. SUMMARY OF PROVISIONS:: Section 1 amends subdivision b of section 708 of the Business Corpo-
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) - Sponsor Memo
BILL NUMBER: S8317a SPONSOR: BENJAMIN TITLE OF BILL: 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 property law and the general obligations law, in relation to providing for the remote conduct of certain practices and procedures PURPOSE: To modernize various provisions in state law relating to remote meet- ings, remote notarization and other processes. Codifies Executive Orders of 2020: EO 202.5, EO 202.7, EO 202.8, E0 202.13, EO 202.14, EO 202.15, and EO 202.18. SUMMARY OF PROVISIONS: Section 1 amends section 11 of the banking law by adding a new subdivi- sion 5 allowing for fax or other electronic copies.
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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