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2007 SESSION

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HB 2961 Stock and nonstock corporations; authorizing notice and allowing voting by electronic transmission.

Introduced by: Robert B. Bell | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Stock and nonstock corporations.  Clarifies several provisions authorizing notice and voting by electronic transmission under the Virginia Stock Corporation Act and Virginia Nonstock Corporation Act.  Under current law, "electronic transmission" means any form of communication, not directly involving the physical transmission of paper, that creates a record that may be retained, retrieved, and reviewed by a recipient thereof, and that may be directly reproduced in paper form by such a recipient through an automated process. The definition is amended to specifically address transmissions by electronic mail.


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