Ohio House Bill 374 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on September 30 2008 - 100% progression
Action: 2008-09-30 - Effective Date

To amend sections 1701.04, 1701.24, 1701.55, 1701.58, 1701.591, 1701.69, 1701.70, and 1701.76 of the Revised Code to allow the original articles of incorporation to eliminate cumulative voting in the election of directors, to remove restrictions for certain corporations regarding the elimination of cumulative voting, to exclude from the existing procedures for the sale of all or substantially all of the assets of a corporation the sale of those assets to the corporation's wholly owned subsidiaries, to permit the articles or certain regulations of a corporation to provide for uncertificated shares, and to authorize the directors to amend the articles with respect to series of shares.

Corporations-cumulative voting/sale of all assets to wholly owned subsidiary

Sen. William Coley [R]

Date	Chamber	Action
2008-09-30		Effective Date
2008-06-27		Governor Action
2008-07-04		End of 10-day Period
2008-06-23		Sent to Governor
2008-06-10		Concurrence
2008-06-10		Passed 3rd Consideration Senate
2008-04-16		Committee Report
2008-03-11		To Judiciary Civil Justice
2008-03-11		Introduced to Senate
2008-03-11		Passed 3rd Consideration House
2008-01-31		Committee Report
2007-11-01		To Civil & Commercial Law
2007-11-01		Introduced to House

Type	Source
Summary	http://archives.legislature.state.oh.us/bills.cfm?ID=127_HB_374