Bill Status of SB0468 94th General Assembly
Short Description: BUSINESS ORGANIZATIONS-VARIOUS
Sen. William R. Haine
(Rep. Thomas Holbrook)
| 8/16/2005||Senate||Public Act . . . . . . . . . 94-0605|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Library Incorporation Act, Business Corporation Act, Professional Service Corporation Act, General Not for Profit Corporation Act, Co-operative Act, and the Cemetery Association Act. Replaces the terms "certificates of incorporation" and "application for certificate of authority" with the terms "articles of incorporation" and "application for authority". Makes other changes. Amends the Limited Liability Company Act. Provides that a domestic limited liability company or foreign limited liability company shall have the power to change the address of its registered office. Amends the Uniform Partnership Act (1997). Provides that a partnership or registered limited liability partnership shall have the power to correct errors appearing on documents filed with the Secretary of State provided certain requirements are met. Amends the Revised Uniform Limited Partnership Act. Establishes a procedure for the administrative dissolution of a limited partnership and a procedure for reinstatement following the administrative dissolution of a limited partnership. Establishes a procedure for the administrative cancellation of a foreign limited partnership's application for admission and a procedure for reinstatement following the administrative cancellation of a foreign limited partnership's application for admission. Makes other technical changes.
House Committee Amendment No. 1
Deletes everything after the enacting clause. Amends the Business Corporation Act of 1983. Provides that the basis for reducing the number of a corporation's authorized shares resulting from a reacquisition and cancellation of the shares must be set forth in the articles of incorporation. Removes language providing that a reduction in paid-in capital reported shall have no effect for any purpose under the Act with respect to a taxable year ending before the report is filed. Removes the five-year limitation on the reinstatement of domestic corporations after administrative dissolution. Removes the five-year limitation on the reinstatement of a foreign corporation after revocation. Amends the General Not For Profit Corporation Act of 1986. Removes language providing that a domestic corporation or a foreign corporation may change the address of its registered office or change its registered agent, or both, by so indicating on the statement of change on the annual report of that corporation filed pursuant to the Act. Amends the Limited Liability Company Act. Provides that a domestic limited liability company or a foreign limited liability company may change the address of its registered office, registered agent, or both, if certain conditions are satisfied. Establishes the fee for: (i) renewal of a reserved name; and (ii) filing a statement of change of address of registered office or change or registered agent, or both. Enhances the penalty for continued non-compliance to include $100 for each year or fraction thereof beginning with the second year of delinquency until reinstatement is effected. Makes other technical changes.
| ||Fiscal Note (H-AM 1) (Secretary of State)|
| ||No fiscal impact expected.|
|Date||Chamber|| Action|| 2/16/2005||Senate||Filed with Secretary by Sen. William R. Haine|| 2/16/2005||Senate||First Reading|| 2/16/2005||Senate||Referred to Rules|| 2/17/2005||Senate||Assigned to Judiciary|| 2/24/2005||Senate||Held in Judiciary|| 3/2/2005||Senate||Do Pass Judiciary; 010-000-000|| 3/2/2005||Senate||Placed on Calendar Order of 2nd Reading March 3, 2005|| 3/8/2005||Senate||Second Reading|| 3/8/2005||Senate||Placed on Calendar Order of 3rd Reading March 9, 2005|| 4/7/2005||Senate||Third Reading - Passed; 056-000-000|| 4/7/2005||House||Arrived in House|| 4/7/2005||House||Placed on Calendar Order of First Reading|| 4/7/2005||House||Chief House Sponsor Rep. Thomas Holbrook|| 4/7/2005||House||First Reading|| 4/7/2005||House||Referred to Rules Committee|| 4/20/2005||House||Assigned to Executive Committee|| 5/13/2005||House||Rule 19(a) / Re-referred to Rules Committee|| 5/16/2005||House||Committee/Final Action Deadline Extended-9(b) May 31, 2005|| 5/16/2005||House||Assigned to State Government Administration Committee|| 5/17/2005||House||Motion to Suspend Rule 25 - Prevailed|| 5/18/2005||House||House Committee Amendment No. 1 Filed with Clerk by State Government Administration Committee|| 5/18/2005||House||House Committee Amendment No. 1 Adopted in State Government Administration Committee; by Voice Vote|| 5/18/2005||House||Do Pass as Amended / Short Debate State Government Administration Committee; 005-003-000|| 5/18/2005||House||Fiscal Note Filed As Amended by HA 1|| 5/19/2005||House||Placed on Calendar 2nd Reading - Short Debate|| 5/19/2005||House||Second Reading - Short Debate|| 5/19/2005||House||Placed on Calendar Order of 3rd Reading - Short Debate|| 5/20/2005||House||Third Reading - Short Debate - Passed 070-042-000|| 5/20/2005||Senate||Secretary's Desk - Concurrence House Amendment(s) 01|| 5/20/2005||Senate||Placed on Calendar Order of Concurrence House Amendment(s) 01-May 23, 2005.|| 5/20/2005||Senate||House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. William R. Haine|| 5/20/2005||Senate||House Committee Amendment No. 1 Motion to Concur Referred to Rules|| 5/23/2005||Senate||House Committee Amendment No. 1 Motion to Concur Rules Referred to Judiciary|| 5/24/2005||Senate||House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Judiciary; 009-000-000|| 5/25/2005||Senate||House Committee Amendment No. 1 Senate Concurs 055-002-000|| 5/25/2005||Senate||Passed Both Houses|| 6/23/2005||Senate||Sent to the Governor|| 8/16/2005||Senate||Governor Approved|| 8/16/2005||Senate||Effective Date January 1, 2006|| 8/16/2005||Senate||Public Act . . . . . . . . . 94-0605|