2009 Regular Session

SENATE BILL 626

CHAPTER NUMBER: 295
File Code: Corporations and Associations Crossfiled with: HOUSE BILL 378
Sponsored By:
Senators Forehand and Garagiola
Entitled:
Corporations - Corporate Documents, Distributions, Fractional Shares, and Redemption of Stock

Synopsis:

Repealing the requirement that the original or a certified copy of the bylaws of a corporation, including amendments, be kept at the corporation's principal office; authorizing a corporation to eliminate fractional shares of stock by rounding up, but not down, to a full share; increasing the amount of the aggregate net asset value of shares that a corporation may redeem from a stockholder under specified circumstances; authorizing a corporation to make distributions from net earnings under specified circumstances; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
2/6
First Reading Judicial Proceedings
2/11
Hearing 3/5 at 1:00 p.m.
3/16
Favorable with Amendments Report by Judicial Proceedings
3/17
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/19
Third Reading Passed (44-0)
4/10
Senate Concur - House Amendments
Third Reading Passed (46-0)
Passed Enrolled
House Action
3/20
First Reading Economic Matters
3/25
Hearing 4/1 at 1:00 p.m.
4/11
Favorable with Amendments Report by Economic Matters
4/6
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/8
Third Reading Passed with Amendments (137-0)
Action after passage in Senate and House
5/7
Approved by the Governor
- Chapter 295

Sponsored by:

Senator Jennie M. Forehand, District 17
Senator Rob Garagiola, District 15

Bill indexed under the following Subjects:

Corporations -see also- Municipal Corps; Public Corps & Inst
Disclosure
Records -see also- Land Records; Vital Records
Reports
Securities

Bill affects the following Statutes:

Corporations and Associations
( 2-110 , 2-214 , 2-308 , 2-310.1 , 2-311 , 2-313 , 2-510 , 2-512 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments (Displayed in PDF Format):
Senate
Number: 108774/01     Offered on: March 17, 2009   at: 11:03 a.m.     Status: Adopted
House
Number: 753490/01     Offered on: April 11, 2009   at: 12:24 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 19, 2009: Third Reading Passed (44-0)
April 10, 2009: Third Reading Passed (46-0)
House
April 8, 2009: Third Reading Passed (137-0)