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Legislation


1999 Regular Session

HOUSE BILL 774

CHAPTER NUMBER: 452 File Code: Corporations and Associations
Sponsored By:
Delegate Barve
Entitled:
Business Trusts - Formation and Powers

Synopsis:

Providing for the formation and powers of business trusts, other than real estate investment trusts; providing for the application of specified laws to business trusts; providing for the organization, termination, or dissolution of a business trust; requiring a business trust to designate a resident agent; providing for the content, amendment, cancellation, effectiveness, and filing of a certificate of trust; specifying the provisions that a governing instrument may contain; etc.

History by Legislative Date

House Action
2/12
First Reading Economic Matters
2/17
Hearing 3/10 at 1:00 p.m.
3/23

Favorable with Amendments Report by Economic Matters
Favorable with Amendments Report Adopted
Floor Committee Amendment Adopted
Second Reading Passed with Amendments
3/24
Third Reading Passed (137-0)
4/8
Return Passed
5/13
Signed by the Governor Chapter 452
Senate Action
3/25
First Reading Judicial Proceedings
3/31
Hearing 4/7 at 1:00 p.m.
4/9
Favorable Report by Judicial Proceedings
4/7
Favorable Report Adopted
Second Reading Passed
4/9
Third Reading Passed (47-0)
Bill indexed under the following Subjects:
AGENTS AND BROKERS
ASSESSMENTS AND TAXATION, DEPARTMENT OF
COMMERCE AND BUSINESS -see also- ENTERPRISE ZONES;SMALL BUS.
COMPTROLLER
FEES -see also- DEVELOPMENT FEES AND TAXES
LABOR,LICENSING, AND REGULATION, DEPARTMENT OF
LIABILITY -see also- GOOD SAMARITAN
MERGERS
NAMES -see also- PROPER NAMES
PENALTIES
PERSONAL PROPERTY
REPORTS -see also- RECORDS
Bill affects the following Statutes:
Corporations and Associations
( 1-203 , 12-101 , 12-102 , 12-103 , 12-104 , 12-201 , 12-202 , 12-203 , 12-204 , 12-205 , 12-206 , 12-207 , 12-208 , 12-301 , 12-302 , 12-303 , 12-304 , 12-305 , 12-401 , 12-402 , 12-403 , 12-501 , 12-601 , 12-602 , 12-603 , 12-604 , 12-605 , 12-606 , 12-607 , 12-608 , 12-609 , 12-610 , 12-701 , 12-801 , 12-802 , 12-803 , 12-804 , 12-805 , 12-806 , 12-807 , 12-808 , 12-809 , 12-810 )
Tax - Property
( 11-101 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 263483/1 (PDF)     Offered on: March 23, 1999   at: 10:35 a.m.     Status: Adopted
Number: 483983/1 (PDF)     Offered on: March 23, 1999   at: 10:36 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 24, 1999: Third Reading Passed (137-0)
Senate
April 9, 1999: Third Reading Passed (47-0)
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