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Assembly Commerce and Economic Development Committee Statement to Assembly, No. 4918, Dated March 8, 2021

Summary

A statement of the New Jersey Assembly Commerce and Economic Development Committee, dated March 8, 2021, reporting favorably on Assembly Bill No. 4918. The bill authorizes a corporation to conduct a meeting of shareholders solely by means of remote participation, where current law allows this only during the coronavirus disease 2019 pandemic.

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ASSEMBLY COMMERCE AND ECONOMIC DEVELOPMENT COMMITTEE

STATEMENT TO

ASSEMBLY,
No. 4918

STATE
OF NEW JERSEY

DATED: MARCH 8,
2021

The Assembly Commerce and Economic Development 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.

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