OR HB4058 | 2016 | Regular Session
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on March 24 2016 - 100% progression
Action: 2016-03-24 - Chapter 39, (2016 Laws): Effective date March 14, 2016.
Text: Latest bill text (Enrolled) [PDF]
Spectrum: Bipartisan Bill
Status: Passed on March 24 2016 - 100% progression
Action: 2016-03-24 - Chapter 39, (2016 Laws): Effective date March 14, 2016.
Text: Latest bill text (Enrolled) [PDF]
Summary
Permits corporation with shares that are registered under securities law of this state or under federal securities law to reject vote, consent, waiver or proxy authorization if shareholder has not complied with certain public disclosure requirements of securities law . Permits corporation with shares that are registered under securities law of this state or under federal securities law to reject vote, consent, waiver or proxy authorization if shareholder has not complied with certain public disclosure requirements of securities law of this state or federal securities law]. Requires corporation that rejects vote, consent, waiver or proxy authorization to do so for each shareholder that fails to comply with disclosure requirements. Prevents corporation from rejecting vote, consent, waiver or proxy authorization after shareholder complies with disclosure requirements. Declares emergency, effective on passage.
Title
Relating to permissible corporate action when a shareholder fails to comply with public disclosure laws; and declaring an emergency.
Sponsors
Roll Calls
2016-02-26 - Senate - Senate Third Reading (Y: 25 N: 1 NV: 0 Abs: 4) [PASS]
2016-02-22 - Senate - Senate Committee Do pass the A-Eng bill (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-17 - House - House Third Reading (Y: 57 N: 2 NV: 0 Abs: 1) [PASS]
2016-02-11 - House - House Committee Do pass with amendments. (Printed A-Eng.) (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-22 - Senate - Senate Committee Do pass the A-Eng bill (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-17 - House - House Third Reading (Y: 57 N: 2 NV: 0 Abs: 1) [PASS]
2016-02-11 - House - House Committee Do pass with amendments. (Printed A-Eng.) (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2016-03-24 | House | Chapter 39, (2016 Laws): Effective date March 14, 2016. |
| 2016-03-14 | House | Governor signed. |
| 2016-03-02 | Senate | President signed. |
| 2016-03-01 | House | Speaker signed. |
| 2016-02-26 | Senate | Third reading. Carried by Beyer. Passed.Ayes, 25; nays, 1--Whitsett; excused, 4--Bates, Girod, Hansell, Winters. |
| 2016-02-25 | Senate | Carried over to 02-26 by unanimous consent. |
| 2016-02-24 | Senate | Second reading. |
| 2016-02-24 | Senate | Recommendation: Do pass the A-Eng. bill. |
| 2016-02-22 | Senate | Public Hearing and Work Session held. |
| 2016-02-18 | Senate | Referred to Business and Transportation. |
| 2016-02-18 | Senate | First reading. Referred to President's desk. |
| 2016-02-17 | House | Third reading. Carried by Hack. Passed.Ayes, 57; Nays, 2--Hayden, Whitsett; Excused, 1--Barton. |
| 2016-02-16 | House | Second reading. |
| 2016-02-15 | House | Recommendation: Do pass with amendments and be printed A-Engrossed. |
| 2016-02-11 | House | Work Session held. |
| 2016-02-09 | House | Public Hearing held. |
| 2016-02-01 | House | Referred to Consumer Protection and Government Effectiveness. |
| 2016-02-01 | House | First reading. Referred to Speaker's desk. |
| 2016-01-27 | House | Presession Released to the Public. |
