SB 134 (BR 1234) - R. Stivers
AN ACT relating to securities.
Amend KRS 292.480 to define the limitations period as three (3) years after the date the occurrence was discovered, or in the exercise of reasonable care should have been discovered, and to be applied retroactively to any actions accruing from the date of January 1, 1990.
SB 134 - AMENDMENTS
HCS - Move reasonable discovery language after language of the occurrence of the act, omission, or transaction constituting the violation of the chapter.
HFA (1, G. Lindsay) - Delete previous Section 2 and insert a new Section 2 in lieu thereof which expresses legislative intent and provides that the Act shall be retroactively applied to any actions, other than those given res judicata effect by a court of competent jurisdiction, which in the exercise of reasonable care should have been discovered as having accrued in the ten years immediately preceding the effective date of the Act.
Feb 12-introduced in Senate
Feb 13-to Judiciary (S)
Feb 21-reported favorably, 1st reading, to Calendar
Feb 22-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Monday, February 26, 2001
Feb 26-3rd reading, passed 37-0
Feb 27-received in House
Feb 28-to Judiciary (H); posting waived; posted in committee
Mar 1-reported favorably, 1st reading, to Calendar with Committee Substitute
Mar 2-2nd reading, to Rules
Mar 6-posted for passage in the Regular Orders of the Day for Wednesday, March 7, 2001; floor amendment (1) filed to Committee Substitute
Mar 8-3rd reading, passed 95-1 with Committee Substitute, floor amendment (1) ; received in Senate; posted for passage for concurrence in House Committee Substitute, floor amendment (1) ; passed over and retained in the Orders of the Day; Senate concurred in House Committee Substitute, floor amendment (1) ; passed 36-0
Mar 9-enrolled, signed by each presiding officer, delivered to Governor
Mar 20-signed by Governor (Acts ch. 129)