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SB 69 (BR 459) - S. Gregory

     AN ACT relating to business entities.
     Amend KRS 11A.010 and 11A.201 to include nonprofits, trusts, and limited liability companies within the definition of "person' in the executive branch code of ethics; amend KRS 14A.3-010 to clarify that a business type identifier must appear at the end of the business name; amend KRS 14A.9-050 to clarify that a company must actually be transacting business in Kentucky before being subject to the statute; amend KRS 271B.1-410 to conform notice provisions to those found in KRS Chapter 14A; amend KRS 275.175 to clarify means of amending an LLC management structure; amend KRS 275.185 to clarify that records inspection requests be addressed to the LLC itself; amend KRS 281.6251 to include limited partnerships and to require that manager names be listed in certificate applications; amend KRS 386A.3-050 to provide for the effect of various contingencies on the continued existence of the trust; amend KRS 386A.6-030 and 386A.6-040 to relocate between the two statutes language relating to trust distributions; amend KRS 433.900 and 433.902 to bring partnerships within the scope of Kentucky's sale of metals law


     HCS - Insert provision to create a new section of Subtitle 11 of KRS Chapter 286, relating to money transmitters, to authorize the commissioner of the Department of Financial Institutions to require, by rule or order, submission of an application, report, or approval request to the State Regulatory Registry, LLC, or its successor, parent, affiliate or operating subsidiary, or to other agencies or authorities as part of a nationwide licensing system; authorize the commissioner, as he or she deems necessary, to establish relationships or contracts with and to report violations, enforcement actions, and other relevant information to other governmental agencies, the Registry, or affiliated agencies of the Registry; authorize the commissioner to use other governmental agencies, the Registry, or entities affiliated with the Registry as agents for requesting information from and distributing information to the United States Department of Justice or other governmental agencies.

     Feb 5-introduced in Senate
     Feb 7-to Economic Development, Tourism & Labor (S)
     Feb 20-taken from Economic Development, Tourism & Labor (S); 1st reading; returned to Economic Development, Tourism & Labor (S)
     Feb 21-reported favorably, 2nd reading, to Rules as a Consent Bill
     Feb 25-posted for passage in the Consent Orders of the Day for Tuesday, February 26, 2013
     Feb 26-3rd reading, passed 37-0; received in House
     Feb 27-to Judiciary (H)
     Mar 1-posting waived
     Mar 5-reported favorably, 1st reading, to Consent Calendar with Committee Substitute
     Mar 6-2nd reading, to Rules; posted for passage in the Consent Orders of the Day for Thursday, March 7, 2013
     Mar 11-3rd reading, passed 100-0 with Committee Substitute ; received in Senate; posted for passage for concurrence in House Committee Substitute ; Senate concurred in House Committee Substitute ; passed 38-0
     Mar 12-enrolled, signed by each presiding officer; delivered to Governor
     Mar 22-signed by Governor (Acts Chapter 106)

Vote History
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