Kentucky Senate Bill 152 (Prior Session Legislation)

---

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 30 2010 - 100% progression
Action: 2010-03-30 - signed by Governor (Acts ch. 51)
Text: Latest bill text (Draft #1) [MS Word]

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within a business organized as a limited liability company; revive several sections of KRS Chapter 362 that were repealed with a delayed effective date in 2006 Ky.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.

AN ACT relating to business entities.

Sen. Thomas Jensen [R]

Date	Chamber	Action
2010-03-30		signed by Governor (Acts ch. 51)
2010-03-22		delivered to Governor
2010-03-22		enrolled, signed by Speaker of the House
2010-03-19		enrolled, signed by President of the Senate
2010-03-18		received in Senate
2010-03-18		3rd reading, passed 96-1
2010-03-11		posted for passage in the Regular Orders of the Day for Friday, March 12, 2010
2010-03-11		2nd reading, to Rules
2010-03-10		reported favorably, 1st reading, to Calendar
2010-03-08		posted in committee
2010-02-26		to Judiciary (H)
2010-02-25		received in House
2010-02-24		3rd reading, passed 38-0
2010-02-22		posted for passage in the Regular Orders of the Day for Wednesday, February 24, 2010
2010-02-12		2nd reading, to Rules
2010-02-11		reported favorably, 1st reading, to Calendar
2010-02-10		to Judiciary (S)
2010-02-08		introduced in Senate

Type	Source
Summary	http://www.lrc.ky.gov/record/10RS/SB152.htm
Text	http://www.lrc.ky.gov/record/10RS/SB152/bill.doc