HB 1741 -- BOARD MEETINGS OF CORPORATIONS

SPONSOR:  Pratt

COMMITTEE ACTION:  Voted "do pass" by the Special Committee on
General Laws by a vote of 9 to 2.

Currently, any action that must be taken at a meeting of a board
of directors or the executive committee of a corporation can be
done without a meeting if all the members of the board consent in
writing to the action.  This bill also allows the consent to be
by electronic transmission.

FISCAL NOTE:  No impact on state funds in FY 2011, FY 2012, and
FY 2013.

PROPONENTS:  Supporters say that the bill allows corporate boards
in Missouri to act by unanimous consent using electronic
transmissions so members will not need to be physically present
in the same location.  This is already allowed in most other
states.

Testifying for the bill was Representative Pratt.

OPPONENTS:  There was no opposition voiced to the committee.

Missouri House of Representatives
95th General Assembly, 2nd Regular Session
Last Updated September 14, 2010 at 3:11 pm