| Last Action | signed by Governor (Acts ch. 51) |
|---|---|
| Title | AN ACT relating to business entities. |
| Bill Documents |
Bill
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| Bill Request Number | 1468 |
| Sponsor | T. Jensen |
| Summary of Original Version | Reenact the provisions of 2007 HB 334/GA and SCA #1 as passed and enacted into law which contained provisions to create and amend various statutes relating to business entities to accomplish the following: make consistent the provisions of the corporate and other business organization acts regarding business entity names such that equivalent rules will govern the names of business corporations, nonprofit corporations, cooperatives, associations, partnerships, limited partnerships, limited liability companies, and business trusts; modify procedural rules across the various business entity acts such that they will contain equivalent if not identical provisions; update provisions of KRS Chapter 271B to reflect the more current provisions of the Model Business Corporation Act; allow limited liability companies to enter into a share exchange with a corporation, be created by conversion from a corporation, have statutory rules governing nonprofit status, and to provide for their existence after the death or other termination of their members; provide rules for business trusts to create uniformity in regard to other forms of business organizations; allow dentists to practice dentistry within a business organized as a limited liability company; revive several sections of KRS Chapter 362 that were repealed with a delayed effective date in 2006 Ky. Acts. Chapter 149; amend KRS 45.560 to include the definition of "equal employment opportunity job categories"; amend KRS 45.570 to clarify the classes protected against discrimination by state contractors; amend KRS 45.590 to increase the dollar amount of exempted contracts or subcontracts from $250,000 to $500,000; allow the Finance and Administration Cabinet to promulgate administrative regulations to establish additional exemptions; amend KRS 45.600 to allow the contracting agency rather than the cabinet to set the time period for submitting statements and information required by the statute; set out the information to be reported by the bidding party regarding its workforce; require the bidding party to submit a breakdown of subcontracts over $500,000; include a determination by the cabinet that the percentage of women in the bidding party's workforce reflects the percentage of available women in the area from which the bidding party's workforce is drawn and to use this determination in the cabinet's existing affirmative action process; amend KRS 45.610 to include women in the affirmative action requirements for state contractors and allow the cabinet to investigate the employment practices of any contractor or subcontractor to determine if they have violated any provision of KRS 45.560 to 45.640; create a new section of KRS 45.560 to 45.640 to allow the Finance and Administration Cabinet to promulgate administrative regulations to carry out the provisions of KRS 45.560 to 45.640; confirm amendments to certain statutes whose effectiveness was made contingent upon the approval by the voters of proposed constitutional changes in 2002; amend various sections to conform; repeal KRS 274.087, 362.495, 362.497, 362.499, 362.501, 362.503, 362. 505, 362.507, 362.509, and 362.585. |
| Index Headings of Original Version |
Administrative Regulations and Proceedings - Finance and Administration Cabinet, state contractors, equal employment opportunity requirements for State Agencies - Finance and Administration Cabinet, state contractors, equal employment opportunity requirements for Capital Construction - State contractors, equal employment opportunity requirements for Civil Rights - State contractors, equal employment opportunity requirements for Contracts - State contractors, equal employment opportunity requirements for Public Buildings and Grounds - State contractors, equal employment opportunity requirements for Public Works - State contractors, equal employment opportunity requirements for Purchasing - State contractors, equal employment opportunity requirements for Women - State contractors, equal employment opportunity requirements for Cooperatives - Business entities, omnibus revision Corporations - Business entities, omnibus revision Crimes and Punishments - Business entities, omnibus revision Criminal Procedure - Business entities, omnibus revision Partnerships - Business entities, omnibus revision Secretary of State - Business entities, omnibus revision State Agencies - Finance and Administration Cabinet, equal employment opportunity regulations |
| Votes | Vote History |
| 02/08/10 |
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| 02/10/10 |
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| 02/11/10 |
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| 02/12/10 |
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| 02/22/10 |
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| 02/24/10 |
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| 02/25/10 |
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| 02/26/10 |
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| 03/08/10 |
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| 03/10/10 |
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| 03/11/10 |
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| 03/18/10 |
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| 03/19/10 |
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| 03/22/10 |
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| 03/30/10 |
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Last updated: 8/28/2019 7:34 AM (EDT)