Senate Commerce Committee Statement to Assembly, No. 4918 — State of New Jersey (May 13, 2021)

Summary

A Senate Commerce Committee statement to Assembly, No. 4918, State of New Jersey, dated May 13, 2021, reporting the bill favorably. Under the bill, corporations could run shareholder meetings entirely through remote participation. Current law, the statement says, permits remote corporate meetings only during the coronavirus disease 2019 pandemic. As reported, the bill is identical to Senate Bill No. 3266.

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SENATE COMMERCE COMMITTEE

STATEMENT TO

ASSEMBLY,
No. 4918

STATE
OF NEW JERSEY

DATED: MAY 13,
2021

The Senate Commerce Committee reports favorably
Assembly Bill No. 4918.

This
bill authorizes a corporation to conduct a meeting of shareholders solely by
means of remote participation. Current law authorizes corporations to conduct
remote meetings only during the coronavirus disease 2019 pandemic.

As reported, this bill is identical to Senate Bill No.
3266 as also reported by the committee.

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