Summary of the Truly Agreed Version of the Bill

SB 217 -- CORPORATIONS AND LIMITED LIABILITY COMPANIES

This bill allows shareholders and proxyholders of Missouri
corporations to participate in shareholder meetings by remote
communication if authorized by the board of directors and subject
to any guidelines and procedures that the board adopts.  The
corporation must implement reasonable measures to verify that
each person participating by remote communication is a
shareholder or proxyholder and that each is provided an
opportunity to participate in the meeting and to vote on
submitted matters.  A record of votes or any other action by any
shareholder or proxyholder by means of remote communication at
the meeting must be maintained by the corporation.

The Secretary of State is authorized to administratively cancel
the articles of organization of a limited liability company or a
limited partnership if the period of duration in the articles
expires and the company or partnership does not amend the
articles in a timely manner.  The Secretary of State may rescind
a cancellation under certain circumstances.

Copyright (c) Missouri House of Representatives


Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:26 am