Vermont legislation -- as passed

From Vermont Virtual

From H. 888

Rules Suspended; Proposal of Amendment; Point of Order; Third Reading Ordered; Rules Suspended; Bill Passed in Concurrence with Proposals of Amendment H. 888. Pending entry on the Calendar for notice, on motion of Senator Shumlin, the rules were suspended and House bill entitled: An act relating to miscellaneous tax amendments. Was taken up for immediate consideration.

    Senator Cummings, for the Committee on Finance, to which the bill was referred, reported recommending that the Senate propose to the House to amend the bill as follows:

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Twenty-seventh: By adding Secs. 82 through 112 to read as follows:

Sec. 82. 11 V.S.A. § 3001 is amended to read: § 3001. DEFINITIONS As used in this chapter:

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(15) “Operating agreement” means the agreement in writing any form of description of membership rights and obligations under section 3003 of this title, stored or depicted in any tangible or electronic medium, which is agreed to by the members, including amendments to the agreement.

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(19) “Signed” includes any symbol or electronic schema that may be prescribed by the secretary of state that is executed or adopted by a person with the present intention to authenticate a record.

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(23) “Document” means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.

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(24) “Writing” means written communications, including letters, faxes, e-mails, or other electronic formats that may be prescribed by the secretary of state.

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(25) “Delivery” means surface mail or methods of electronic transmission the secretary of state may prescribe.

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(26) “Meeting” means any structured communications conducted by participants in person or through the use of electronic or telecommunications medium permitting simultaneous or sequentially structured communications for the purpose of reaching a collective agreement.

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Sec. 83. 11 V.S.A. § 3026(f) is added to read: (f) An original copy may consist of an electronic communication received by the secretary of state’s office, endorsement may consist of an attached electronic record, and the delivery of a duplicate may be done electronically.

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Sec. 84. 11 V.S.A. § 3058(c) is amended to read: (c) A company may maintain its records in other than written form if such form is capable of conversion into written form within a reasonable time or into an electronic form that may be prescribed by the secretary of state.