Every state requires its domestic corporations to hold an annual shareholders’ meeting. Although at one time every state corporation statute required the meeting to be held at a physical location, a number of states over the years have authorized corporations to hold completely virtual meetings – that is, a meeting without a “place” and where all shareholders must participate remotely. However, not every state authorizes virtual meetings.

Executive Order 125 authorizes and encourages remote shareholder meetings.

The Secretary of State will waive the late filing penalty until May 1, 2020.

Executive Order N-40-20 suspends General Corporation Law requirements.

Proclamation 37 orders the suspension of Subpart A of Part 7 of the Business Corporation Act.

H.R. 748 enacts the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

H.R. 6201 enacts the Families First Coronavirus Response Act (FFCRA).

Executive Order No. 202.8, effective March 20, 2020 until April 19, 2020, suspends Section 602(a) and Section 605(a) and (b) of Section 605 of the Business Corporation Law.

Executive Order No. 71 modifies a section of the Business Corporation Act.

Executive Order 10 2020 (No. 202.5), issued and effective March 18, 2020 through April 17, 2020.