H388 - Amend Business Corporations Act. (SL 2025-33)

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Session Year 2025

Overview: Part II of S.L. 2025‑33 (House Bill 388) clarifies that emergency bylaws can only become effective during an emergency if adopted in advance of an emergency. During an emergency, unless the emergency bylaws say otherwise, the board of directors is permitted to postpone a meeting of shareholders for which notice had been given or allow for remote participation. The corporation is required to give notice to shareholders of any postponement and means of permissible remote communication.

This Part became effective October 1, 2025.