The bill facilitates business entities' ability to conduct business activities electronically by:
- Defining terms, including address, delivery, document, e-mail, electronic transmission, notice, and sign, that relate to electronic communications;
- Specifying how notice may be given by electronic transmission; and
- Establishing requirements for remote participation in shareholders' and directors' meetings.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)