KY SB235 | 2017 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Enrolled on March 30 2017 - 75% progression, died in chamber
Action: 2017-04-12 - became law without Governor's Signature (Acts, ch. 193)
Text: Latest bill text (Draft #2) [PDF]
Status: Enrolled on March 30 2017 - 75% progression, died in chamber
Action: 2017-04-12 - became law without Governor's Signature (Acts, ch. 193)
Text: Latest bill text (Draft #2) [PDF]
Summary
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.
Title
AN ACT relating to business entities.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2017-04-12 | Senate | became law without Governor's Signature (Acts, ch. 193) |
| 2017-04-11 | Senate | filed without Governor's signature with the Secretary of State |
| 2017-03-30 | Senate | delivered to Governor |
| 2017-03-30 | Senate | enrolled, signed by Speaker of the House |
| 2017-03-30 | Senate | enrolled, signed by President of the Senate |
| 2017-03-30 | Senate | received in Senate |
| 2017-03-30 | House | Bill passed 86-1 |
| 2017-03-30 | House | House receded from floor amendments (1) and (2-title) |
| 2017-03-30 | House | posted for passage for receding from House floor amendments (1) and (2-title) |
| 2017-03-30 | House | received in House |
| 2017-03-30 | Senate | Senate refused to concur in House floor amendments (1) and (2-title) |
| 2017-03-30 | Senate | posted for passage for concurrence in House floor amendments (1) and (2-title) |
| 2017-03-29 | Senate | to Rules (S) |
| 2017-03-29 | Senate | received in Senate |
| 2017-03-29 | House | 3rd reading, passed 90-0 with floor amendments (1) and (2-title) |
| 2017-03-29 | House | posted for passage in the Regular Orders of the Day for March 29, 2017 |
| 2017-03-29 | House | floor amendments (1) and (2-title) filed |
| 2017-03-15 | House | reported favorably, 2nd reading, to Rules as a Consent Bill |
| 2017-03-14 | House | posted in committee |
| 2017-03-14 | House | returned to Small Business & Information Technology (H) |
| 2017-03-14 | House | 1st reading |
| 2017-03-14 | House | taken from Small Business & Information Technology (H) |
| 2017-03-03 | House | to Small Business & Information Technology (H) |
| 2017-03-02 | House | received in House |
| 2017-03-01 | Senate | 3rd reading, passed 36-0 |
| 2017-03-01 | Senate | posted for passage in the Regular Orders of the Day for Wednesday, March 1, 2017 |
| 2017-02-28 | Senate | reported favorably, to Rules |
| 2017-02-23 | Senate | returned to Economic Development, Tourism, and Labor (S) |
| 2017-02-23 | Senate | 2nd reading |
| 2017-02-23 | Senate | taken from Economic Development, Tourism, and Labor (S) |
| 2017-02-22 | Senate | returned to Economic Development, Tourism, and Labor (S) |
| 2017-02-22 | Senate | 1st reading |
| 2017-02-22 | Senate | taken from Economic Development, Tourism, and Labor (S) |
| 2017-02-21 | Senate | to Economic Development, Tourism, and Labor (S) |
| 2017-02-16 | Senate | introduced in Senate |
