CS/CS/SB 1198: Corporate Actions
GENERAL BILL by Rules ; Commerce and Tourism ; Martin
Corporate Actions; Providing that a defective corporate action is not void or voidable in certain circumstances; requiring the board of directors to take certain action to ratify a defective corporate action; providing quorum and voting requirements for the ratification of certain defective corporate actions; requiring that notice be given to shareholders of certain corporate action taken by the board of directors; providing that notice is not required for holders of certain shares whose identities or addresses for notice cannot be determined, etc.
Senate Committee References:
- Commerce and Tourism (CM)
- Rules (RC)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/3/2024 | Senate |
• Filed |
| 1/8/2024 | Senate |
• Referred to Commerce and Tourism; Rules |
| 1/9/2024 | Senate |
• Introduced |
| 1/18/2024 | Senate |
• On Committee agenda-- Commerce and Tourism, 01/23/24, 1:00 pm, 110 Senate Building |
| 1/23/2024 | Senate |
• CS by Commerce and Tourism; YEAS 5 NAYS 0 |
| 1/24/2024 | Senate |
• Pending reference review under Rule 4.7(2) - (Committee Substitute) • CS by Commerce and Tourism read 1st time |
| 1/25/2024 | Senate |
• Now in Rules |
| 2/5/2024 | Senate |
• On Committee agenda-- Rules, 02/08/24, 8:30 am, 412 Knott Building |
| 2/8/2024 | Senate |
• CS/CS by- Rules; YEAS 20 NAYS 0 |
| 2/9/2024 | Senate |
• Pending reference review -under Rule 4.7(2) - (Committee Substitute) • Placed on Calendar, on 2nd reading • Placed on Special Order Calendar, 02/14/24 |
| 2/13/2024 | Senate |
• CS/CS by Rules read 1st time |
| 2/14/2024 | Senate |
• Read 2nd time -SJ 390 • Read 3rd time -SJ 390 • CS passed; YEAS 39 NAYS 0 -SJ 390 • Immediately certified -SJ 391 |
| 2/14/2024 | House |
• In Messages |
| 3/1/2024 | House |
• Bill referred to House Calendar • Bill added to Special Order Calendar (3/4/2024) • 1st Reading (Committee Substitute 2) |
| 3/4/2024 | House |
• Read 2nd time • Placed on 3rd reading • Added to Third Reading Calendar |
| 3/5/2024 | House |
• Read 3rd time • CS passed; YEAS 114, NAYS 0 |
| 3/5/2024 | Senate |
• Ordered enrolled |
