SB0659 (CH0720)

Find a 2018 Bill:

2018 Regular Session



Corporations - Transfer of Assets and Exchange of Shares of Stock

Sponsored by:

Senator Feldman


Approved by the Governor - Chapter 720

Synopsis:Repealing a certain provision of law specifying a certain processing fee for articles of transfer; repealing each provision of law regarding executing and filing articles of transfer; altering the types of actions not required by a corporation for certain transfers of assets, creations of security interests, or exchanges of shares of stocks; clarifying that a transfer of assets by a corporation occurring before October 1, 2018, is not invalid solely because of a failure to file articles of transfer with the Department; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Senator Feldman
Additional Facts:Cross-filed with: HB0873
Bill File Type: Regular
Effective Date(s): October 1, 2018
Judicial Proceedings  View Committee HearingEconomic Matters
Broad Subject(s):Corporations and Associations
Taxes - Property
Narrow Subject(s):Assessments
Assessments and Taxation, Department of
Associations -see also- Cooperative Associations
Corporations -see also- Municipal Corps; Public Corps & Inst
Counties -see also- Chartered Counties; Code Counties
Fees -see also- Attys' Fees; Devt Fees & Taxes; Reimb Rates
Statutes:Article - Corporations and Associations
(1-101, 1-203, 1-301, 3-104, 3-107, 3-108, 3-109, 3-110, 3-111, 3-112, 3-113, 3-115, 3-203)
Article - Real Property
Article - Tax - Property
(12-101, 12-103, 12-109, 13-101, 13-404)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions

May 21, 2018 10:34 A.M.