2008 House Bill 5681 ↩

Senate Roll Call 501: Passed

To require charitable purpose corporations to have at least three members of their board, and prohibit these entitites from granting or guaranteeing loans to an officer or director, with certain narrow exceptions. The bill would also allow and establish procedures for these entities to use electronic communications for various notices and filings; allow board and shareholder meetings to take place via remote communications; and revise the dissolution procedures.