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CS/HB 1189: Corporate Actions

GENERAL BILL by Regulatory Reform & Economic Development Subcommittee ; Abbott

Corporate Actions; Provides defective corporate action is not void or voidable in certain circumstances; requires board of directors to take action to ratify defective corporate action; provides quorum & voting requirements for ratification of defective corporate actions; requires notice be given to shareholders of corporate action taken by board of directors; requires corporations to file articles of validation; provides registered agent may resign from companies by delivering specified statement of resignation to DOS; provides registered agents may pay one resignation fee regardless of whether resigning from one or multiple dissolved companies or corporations.

Effective Date: 7/1/2024
Last Action: 3/4/2024 House - Laid on Table
Bill Text: PDF



Bill History

Date Chamber Action
1/4/2024 House • Filed
1/9/2024 House • 1st Reading (Original Filed Version)
1/13/2024 House • Referred to Regulatory Reform & Economic Development Subcommittee
• Referred to Civil Justice Subcommittee
• Referred to Commerce Committee
• Now in Regulatory Reform & Economic Development Subcommittee
2/2/2024 House • Added to Regulatory Reform & Economic Development Subcommittee agenda
2/6/2024 House • Favorable with CS by Regulatory Reform & Economic Development Subcommittee
2/7/2024 House • Reported out of Regulatory Reform & Economic Development Subcommittee
• Laid on Table under Rule 7.18(a)
• CS Filed
• 1st Reading (Committee Substitute 1)
2/8/2024 House • Original reference removed: Civil Justice Subcommittee
• Referred to Judiciary Committee
• Referred to Commerce Committee
• Now in Judiciary Committee
2/12/2024 House • Added to Judiciary Committee agenda
2/14/2024 House • Favorable by Judiciary Committee
• Reported out of Judiciary Committee
• Now in Commerce Committee
2/20/2024 House • Added to Commerce Committee agenda
2/22/2024 House • Favorable by Commerce Committee
2/23/2024 House • Reported out of Commerce Committee
• Bill released to House Calendar
• Added to Second Reading Calendar
3/4/2024 House • Laid on Table