Kentucky Senate Bill 178 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on March 4 2014 - 25% progression, died in committee
Action: 2014-03-06 - to Judiciary (S)
Pending: Senate Judiciary Committee
Text: Latest bill text (Draft #1) [MS Word]

Establish KRS Chapter 273A and create subchapters and sections thereof to enact the "Kentucky Revised Nonprofit Corporation Act 2014"; provide for the creation, modification, termination, and administration of nonprofit corporations; enumerate steps of incorporation; provide procedures related to the adoption of bylaws; establish fee for filing documents with and allow for electronic transmission of documents to the office of the Secretary of State; address definitions, general provisions, and enumerated powers of a nonprofit corporation under this chapter; provide procedure for determining whether a nonprofit corporation has members; establish parliamentary procedure for meetings of a board including conference calls or other electronic means; establish standing requirements required for lawsuits against nonprofit corporation or directors; provide requirements related when third parties can bring suit against the corporation under certain circumstances; establish circumstances as to when the Attorney General can bring suit against a corporation or in relation to dissolution; provide notice procedure regarding members, directors, and other individuals; establish parliamentary procedures for voting; establish procedure for determining quorum requirements; provide procedure for the election; establish procedures related to indemnification; establish provisions related to the conveyance of property by a corporation, sale of assets, and payments to members or directors by the corporation; provide procedures related to distribution; establish provisions regarding dissolution; establish right and procedure to inspect corporation records; require conformity with the National Electronic Signature and Agreement Act; amend and repeal various sections of the Kentucky Revised Statutes to conform; establish KRS Chapter 273B and create sections thereof to enact the

AN ACT relating to corporations.

Sen. Sara Gregory [R]

Date	Chamber	Action
2014-03-06	Senate	to Judiciary (S)
2014-03-04	Senate	introduced in Senate

Type	Source
Summary	http://www.lrc.ky.gov/record/14RS/SB178.htm
Text	http://www.lrc.ky.gov/record/14RS/SB178/bill.doc