LRB-3272/3
PJH:jld:pg
2003 - 2004 LEGISLATURE
February 23, 2004 - Introduced by Representative Montgomery. Referred to
Committee on Financial Institutions.
AB890,1,4 1An Act to renumber 181.0708 (1); to renumber and amend 181.0821 (1); to
2amend
181.0820 (3) (a) 1.; and to create 181.0708 (1m) and 181.0821 (1m) of
3the statutes; relating to: meetings of the board and members of nonprofit
4corporations.
Analysis by the Legislative Reference Bureau
Under current law, members of a nonprofit corporation and their
representatives may hold a meeting in person or via a telephone conference.
Similarly, members of a nonprofit corporation and their representatives may settle
issues by a vote held in person or by a written ballot, if certain procedural
requirements are met to ensure accountability and fair representation.
This bill allows members of a nonprofit corporation and their representatives
to hold meetings and settle issues via electronic communications or electronic ballot
if requirements are met that ensure the same level of accountability and fair
representation as under current law.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB890, s. 1 5Section 1. 181.0708 (1) of the statutes is renumbered 181.0708 (1r).
AB890, s. 2 6Section 2. 181.0708 (1m) of the statutes is created to read:
AB890,2,2
1181.0708 (1m) Definition. In this section, "written ballot" includes a ballot
2transmitted or received by electronic means.
AB890, s. 3 3Section 3. 181.0820 (3) (a) 1. of the statutes is amended to read:
AB890,2,54 181.0820 (3) (a) 1. All participating directors may simultaneously hear or read
5each other other's communications during the meeting.
AB890, s. 4 6Section 4. 181.0821 (1) of the statutes is renumbered 181.0821 (1r) and
7amended to read:
AB890,2,128 181.0821 (1r) Method. An action required or permitted to be taken at a board
9meeting may be taken without a meeting if a consent in writing setting forth the
10action is signed by all of the directors then in office. If the articles of incorporation
11or bylaws so provide, an action required or permitted to be taken at a board meeting
12may be taken by written action signed by two-thirds of the directors then in office.
AB890, s. 5 13Section 5. 181.0821 (1m) of the statutes is created to read:
AB890,2,1414 181.0821 (1m) Definitions. In this section:
AB890,2,1615 (a) "In writing" or "written" includes a communication that is transmitted or
16received by electronic means.
AB890,2,1717 (b) "Sign" includes executing an electronic signature.
AB890,2,1818 (End)
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