00                            SENATE BILL NO. 24                                                                          
01 "An Act authorizing virtual meetings of shareholders of a corporation; and authorizing                                  
02 virtual meetings of members of a nonprofit corporation."                                                                
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1. AS 10.06.405(a) is amended to read:                                                                   
05 (a)  Except as provided in (e) of this section, meetings [MEETINGS] of                                              
06 shareholders shall be held at a place inside or outside this state as provided in the                                   
07 bylaws. In the absence of a provision in the bylaws, meetings shall be held at the                                      
08       registered office of the corporation.                                                                             
09    * Sec. 2. AS 10.06.405 is amended by adding a new subsection to read:                                              
10            (e)  A meeting of shareholders may be held by electronic communication to the                                
11       extent the corporation's board authorizes and adopts guidelines to govern an electronic                           
12       meeting.                                                                                                          
13    * Sec. 3. AS 10.20.061(a) is amended to read:                                                                      
14            (a)  Except as provided in (d) of this section, meetings [MEETINGS] of                                   

01       members may be held at a place, either inside or outside the state, which may be                                  
02       provided in the bylaws. In the absence of such a provision, all meetings shall be held                            
03       at the registered office of the corporation in the state.                                                         
04    * Sec. 4. AS 10.20.061 is amended by adding a new subsection to read:                                              
05 (d)  A meeting of the members of a nonprofit corporation organized under this                                           
06 chapter, including meeting notice and determination of a quorum, may be held by                                         
07 telecommunication to the extent the corporation's board adopts or amends bylaws to                                      
08       allow for an electronic meeting.                                                                                  
09    * Sec. 5. The uncodified law of the State of Alaska is amended by adding a new section to                          
10 read:                                                                                                                   
11 NOTICE OF SHAREHOLDERS' MEETINGS. Notwithstanding AS 10.06.410, a                                                       
12 corporation that has distributed or is planning to distribute, on the effective date of this Act, a                     
13 proxy statement and notice of annual meeting to its shareholders may renotice or notice the                             
14 annual meeting so that the annual meeting may be held by electronic communication as                                    
15 authorized under AS 10.06.405(e), added by sec. 2 of this Act.