GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1999

S	1 

SENATE BILL 774

Short Title:  Electronic Proxies for Nonprofits.	(Public)

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Sponsors: Senators Clodfelter; and Dannelly.

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Referred to:  Judiciary I.

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April 7, 1999

A BILL TO BE ENTITLED
AN ACT TO AUTHORIZE THE APPOINTMENT OF MULTIPLE PROXIES OF MEMBERS OF NONPROFIT CORPORATIONS BY ELECTRONIC OR TELEPHONIC COMMUNICATION.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 55A-7-24(a) reads as rewritten:
"(a)	Unless the articles of incorporation or bylaws prohibit or limit proxy voting, a member may vote in person or by proxy.  A member may appoint one or more proxies to vote or otherwise act for him by signing an appointment form, either personally or by his attorney-in-fact.  A photocopy, facsimile transmission, or equivalent reproduction of a writing appointing one or more proxies, shall be deemed a valid appointment form within the meaning of this section. In addition, subject to any reasonable requirements imposed by the nonprofit corporation, a member may appoint one or more proxies by a telegram, cablegram, electronic mail message, or other form of electronic, wire, or wireless communication that provides a written statement appearing to have been sent by the member."
Section 2.  This act becomes effective October 1, 1999.