RÉSUMÉ DIGEST
Act 46 (HB 77) 2020 Second Extraordinary Session Davis
New law allows the board of directors of a corporation to determine that any meeting of
shareholders shall be held solely by means of remote communication, when the bylaws do
not expressly require otherwise.
New law allows banks, savings banks, credit unions, and savings and loan associations to
permit shareholders or members of the financial institution to participate in any meeting of
shareholders or members by means of remote communication.
New law provides that participation by means of remote communication is subject to
guidelines and procedures adopted by the board of directors.
New law provides that participation by remote communication includes but is not limited to
any telephonic or internet form of communication.
Effective upon signature of the governor (Nov. 5, 2020).
(Adds R.S. 12:1-709(C) and (D))