05RS HB391


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Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.

HB 391 (BR 1522) - B. Montell

     AN ACT relating to corporations.
     Amend KRS 271B.10-010 and 271B.10-060 to allow an ordinary corporation to convert to a nonprofit, nonstock corporation under KRS Chapter 273.


     HCS - Amend to additionally create a new section of KRS Chapter 273 to clarify the attributes, liabilities, and components that a converted corporation will carry forward into its nonprofit status.

     Feb 9-introduced in House
     Feb 10-to Judiciary (H)
     Feb 14-posted in committee
     Feb 24-reported favorably, 1st reading, to Calendar with Committee Substitute
     Feb 25-2nd reading, to Rules; recommitted to Appropriations and Revenue (H)

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