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SB 235 (BR 1471) - M. McGarvey

     AN ACT relating to business entities.
     Create a new section of Subchapter 4 of KRS Chapter 14A to permit, excepting certain actions, an action against an entity or foreign entity that maintains a registered office to be brought in the county where the office is situated; create a new section of KRS Chapter 275 to expel a member by judicial order under certain situations except as stated in a written operating agreement; amend 14A.1-070 to change the definition of two terms and to define new terms; amend KRS 15A-060 to establish a $15 fee for a certificate of association; amend KRS 14A.6-010 to require an unincorporated nonprofit association to file with the Secretary of State; amend 271B.8-530 to delete requirement that a director furnish a written affirmation of his or her good faith; amend KRS 271B.8-550 to add shareholders as having certain control; amend 271B.10-200 to state that a shareholder of the corporation will not have a vested property right resulting from any provision in the bylaws; amend KRS 272A.6-050, 275.260, 362.285, 362.481, 362.1-504, 362.2-703, 362.2-933, and 386A.6-060 to exempt enforcement of a judgment by certain entities; amend KRS 273A.040 to exempt certain members from a judgment or order for which members are not liable; amend KRS 275.015 to include in the definition of "nonprofit limited liability company" a requirement that in its articles of organization it has elected to be treated as a nonprofit limited liability company in accordance with KRS 275.025(6); amend KRS 275.175 to permit a written operating agreement that sets forth certain specifics; amend KRS 275.280 to state that except as set forth in a written operating agreement any dissociation of a member does not entitle the former member or assignee to any distribution; amend KRS 275.337 and 386A.6-110 to prohibit a certain derivative proceeding under certain circumstances; amend KRS 382.135 to require additional information to be on a deed to real property.


AMENDMENTS

     HFA1/P( D. Osborne ) - Amend KRS 65.490 to allow an extension of time for certain tax increment financing pilot programs; declare an EMERGENCY.
     HFA2( D. Osborne ) - Make title amendment.

     Feb 16, 2017 - introduced in Senate
     Feb 21, 2017 - to Economic Development, Tourism, and Labor (S)
     Feb 22, 2017 - taken from Economic Development, Tourism, and Labor (S); 1st reading; returned to Economic Development, Tourism, and Labor (S)
     Feb 23, 2017 - taken from Economic Development, Tourism, and Labor (S); 2nd reading; returned to Economic Development, Tourism, and Labor (S)
     Feb 28, 2017 - reported favorably, to Rules
     Mar 01, 2017 - posted for passage in the Regular Orders of the Day for Wednesday, March 1, 2017; 3rd reading, passed 36-0
     Mar 02, 2017 - received in House
     Mar 03, 2017 - to Small Business & Information Technology (H)
     Mar 14, 2017 - taken from Small Business & Information Technology (H); 1st reading; returned to Small Business & Information Technology (H); posted in committee
     Mar 15, 2017 - reported favorably, 2nd reading, to Rules as a Consent Bill
     Mar 29, 2017 - floor amendments (1) and (2-title) filed; posted for passage in the Regular Orders of the Day for March 29, 2017; 3rd reading, passed 90-0 with floor amendments (1) and (2-title); received in Senate; to Rules (S)
     Mar 30, 2017 - posted for passage for concurrence in House floor amendments (1) and (2-title); Senate refused to concur in House floor amendments (1) and (2-title); received in House; posted for passage for receding from House floor amendments (1) and (2-title); House receded from floor amendments (1) and (2-title); Bill passed 86-1; received in Senate; enrolled, signed by President of the Senate; enrolled, signed by Speaker of the House; delivered to Governor
     Apr 11, 2017 - filed without Governor's signature with the Secretary of State
     Apr 12, 2017 - became law without Governor's Signature (Acts, ch. 193)