The hyperlink to a bill draft that precedes a summary contains the most recent version (Introduced/GA/Enacted) of the bill. If the session has ended, the hyperlink contains the latest version of the bill at the time of sine die adjournment. Note that the summary pertains to the bill as introduced, which is often different from the most recent version.

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.


     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)