BIPARTISAN BILL TO HELP CONDUCT BUSINESS ELECTRONICALLY PASSESS COMMITTEE

DENVER, CO– The House Business Affairs and Labor Committee today passed legislation sponsored by Representatives Shannon Bird and Matt Soper that would make it easier for entities to conduct business electronically.

“With so much in our lives being conducted online at the moment, it just makes sense to give businesses the tools they need to conduct their affairs remotely,” said Rep. Shannon Bird, D-Westminster. “Building back a stronger Colorado means supporting small businesses in every area we can- big and small. Today we made strides towards bringing Colorado’s corporate and business law into the modern digital age, and I’m proud to have played a part.” HB21-1124 updates state law to allow businesses to conduct statutorily required activities electronically. The bill would update the Colorado Business Corporations Act and the Colorado Corporations and Associations Act to allow businesses and entities to electronically distribute notices required under these laws. It would also allow business to conduct shareholder meetings via remote attendance.

HB21-1124 updates state law to allow businesses to conduct statutorily required activities electronically. The bill would update the Colorado Business Corporations Act and the Colorado Corporations and Associations Act to allow businesses and entities to electronically distribute notices required under these laws. It would also allow business to conduct shareholder meetings via remote attendance.