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Senate Bill 150

Actions | Amendments
Last Action signed by Governor (Acts ch. 133)
Title AN ACT relating to business entities.
Bill Documents Bill
Bill Request Number 1469
Sponsor T. Jensen
Summary of Original Version Create and amend various KRS sections relating to corporations, partnerships, and LLCs to provide that limited liability provisions with those sections assign all personal responsibility for a person's negligent or other wrongful acts to the person; clarify filing requirements and due dates for annual reports and business dissolutions; provide greater specificity as to the listing of corporate officers; allow court-ordered meetings of a board of directors; allow conversion of a PSC to a business corporation; create greater consistency of a disinterestedness requirement in certain votes in an LLC; create greater consistency of the rights of the holder of a charging order; create greater consistency of the rights of the holder of a charging order; establish a consistent address for mailing notices of administrative dissolution or the revocation of a certificate of authority, provide clarification as to the effect of a merger involving an LLC; address the ability of a member in a member-managed LLC to resign and thereby on a prospective basis terminate fiduciary obligations; repeal KRS 275.340.
Index Headings of Original Version Civil Actions - Business entities, operation of
Civil Procedure - Business entities, operation of
Cooperatives - Business entities, operation of
Corporations - Business entities, operation of
Partnerships - Business entities, operation of
Proposed Amendments Senate Floor Amendment 1
House Committee Substitute 1
House Floor Amendment 1
Votes Vote History

Actions

Top | Amendments
02/08/10
  • introduced in Senate
02/10/10
  • to Judiciary (S)
02/11/10
  • reported favorably, 1st reading, to Calendar
02/12/10
  • 2nd reading, to Rules
02/16/10
  • floor amendment (1) filed
02/22/10
  • posted for passage in the Regular Orders of the Day for Wednesday, February 24, 2010
02/24/10
  • 3rd reading, passed 38-0 with floor amendment (1)
02/25/10
  • received in House
02/26/10
  • to Judiciary (H)
03/08/10
  • posted in committee
03/10/10
  • reported favorably, 1st reading, to Calendar with Committee Substitute
03/11/10
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Friday, March 12, 2010
03/22/10
  • floor amendment (1) filed to Committee Substitute
03/23/10
  • floor amendment (1) withdrawn
03/24/10
  • 3rd reading, passed 96-2 with Committee Substitute
  • received in Senate
03/29/10
  • posted for passage for concurrence in House Committee Substitute
  • Senate concurred in House Committee Substitute
  • passed 37-0
  • enrolled, signed by President of the Senate
04/01/10
  • enrolled, signed by Speaker of the House
  • delivered to Governor
04/13/10
  • signed by Governor (Acts ch. 133)

Proposed Amendments

Top | Actions
Amendment Senate Floor Amendment 1
Sponsor T. Jensen
Summary Correct incorrect reference to employee to instead reference an employeer.
Index Headings Civil Actions - Business entities, operation of
Civil Procedure - Business entities, operation of
Cooperatives - Business entities, operation of
Corporations - Business entities, operation of
Partnerships - Business entities, operation of

Amendment House Committee Substitute 1
Summary Insert provision to authorize study of low-profit limited liability companies by the Interim Joint Committee on Judiciary and to make technical corrections.
Index Headings Civil Actions - Business entities, operation of
Civil Procedure - Business entities, operation of
Cooperatives - Business entities, operation of
Corporations - Business entities, operation of
Partnerships - Business entities, operation of

Amendment House Floor Amendment 1
Sponsor T. Riner
Summary Insert amendments to KRS 362.465 and 362.2-601 to expand the circumstances allowing the withdrawal or disassociation of a limited partner and the effect of the withdrawal or disassociation.
Index Headings Civil Actions - Business entities, operation of
Civil Procedure - Business entities, operation of
Cooperatives - Business entities, operation of
Corporations - Business entities, operation of
Partnerships - Business entities, operation of

Last updated: 8/28/2019 7:34 AM (EDT)