Senate Bill 235

Actions | Amendments
Last Action became law without Governor's Signature (Acts, ch. 193)
Title AN ACT relating to business entities.
Bill Documents Current/Final
Introduced
Bill Request Number 1471
Sponsor M. McGarvey
Summary of Original Version 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.
Index Headings of Original Version Economic Development - Entities of business, omnibus bill
International Trade and Relations - Entities of business, omnibus bill
Associations - Entities of business, omnibus bill
Cooperatives - Entities of business, omnibus bill
Corporations - Entities of business, omnibus bill
Proposed Amendments House Floor Amendment 1
House Floor Amendment 2
Votes Vote History

Actions

Top | Amendments
02/16/17
  • introduced in Senate
02/21/17
  • to Economic Development, Tourism, and Labor (S)
02/22/17
  • taken from Economic Development, Tourism, and Labor (S)
  • 1st reading
  • returned to Economic Development, Tourism, and Labor (S)
02/23/17
  • taken from Economic Development, Tourism, and Labor (S)
  • 2nd reading
  • returned to Economic Development, Tourism, and Labor (S)
02/28/17
  • reported favorably, to Rules
03/01/17
  • posted for passage in the Regular Orders of the Day for Wednesday, March 1, 2017
  • 3rd reading, passed 36-0
03/02/17
  • received in House
03/03/17
  • to Small Business & Information Technology (H)
03/14/17
  • taken from Small Business & Information Technology (H)
  • 1st reading
  • returned to Small Business & Information Technology (H)
  • posted in committee
03/15/17
  • reported favorably, 2nd reading, to Rules as a Consent Bill
03/29/17
  • 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)
03/30/17
  • 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
04/11/17
  • filed without Governor's signature with the Secretary of State
04/12/17
  • became law without Governor's Signature (Acts, ch. 193)

Proposed Amendments

Top | Actions
Amendment House Floor Amendment 1
Piggyback? Yes
Sponsor D. Osborne
Summary Amend KRS 65.490 to allow an extension of time for certain tax increment financing pilot programs; declare an EMERGENCY.
Index Headings Economic Development - Entities of business, omnibus bill
International Trade and Relations - Entities of business, omnibus bill
Associations - Entities of business, omnibus bill
Cooperatives - Entities of business, omnibus bill
Corporations - Entities of business, omnibus bill

Amendment House Floor Amendment 2
Sponsor D. Osborne
Summary Make title amendment.
Index Headings Economic Development - Entities of business, omnibus bill
International Trade and Relations - Entities of business, omnibus bill
Associations - Entities of business, omnibus bill
Cooperatives - Entities of business, omnibus bill
Corporations - Entities of business, omnibus bill

Last updated: 1/16/2019 3:02 PM (EST)