GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 1999
SESSION LAW 1999-138
The General Assembly of North Carolina enacts:
Section 1. G.S. 55-7-22(b) reads as rewritten:
"(b) A shareholder may
appoint a proxy one or more proxies to vote or otherwise act for
him by signing an appointment form, either personally or by his
attorney-in-fact. A telegram, telex, facsimile or other form of wire
or wireless communication appearing to have been transmitted by a shareholder,
or a photocopy photocopy, telegram, cablegram, facsimile transmission, or
equivalent reproduction of a writing appointing one or more proxies, shall be
deemed a valid appointment form within the meaning of this section. In
addition, if and to the extent permitted by the corporation, a shareholder may
appoint one or more proxies (i) by an electronic mail message or other form of
electronic, wire, or wireless communication that provides a written statement
appearing to have been sent by the shareholder, or (ii) in the case of a public
corporation, by any kind of electronic or telephonic transmission, even if not
accompanied by written communication, under circumstances or together with
information from which the corporation can reasonably assume that the
appointment was made or authorized by the shareholder."
Section 2. This act becomes effective October 1, 1999.
In the General Assembly read three times and ratified this the 24th day of May, 1999.
s/ Dennis A. Wicker
President of the Senate
s/ James B. Black
Speaker of the House of Representatives
s/ James B. Hunt, Jr.
Governor
Approved 4:15 p.m. this 4th day of June, 1999