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Glossary of Legislative Terms

HB 1177: Corporations Not for Profit

GENERAL BILL by Baker

Corporations Not for Profit; provides exceptions to prohibition against such corporations paying dividends to members, officers, or directors; authorizes corporation to make distributions to certain nonprofit corporations or governmental entities. Amends 617.0505.

Effective Date: 07/01/2004
 Last Action: 4/26/2004 House - Substituted SB 2056 (Vetoed by Governor); Laid on Table -HJ 00778
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    2/20/2004 House • Prefiled
    3/2/2004 House • Introduced -HJ 00093
    3/4/2004 House • Referred to Banking & Securities (COM); Commerce; Finance & Tax -HJ 00215
    3/8/2004 House • On Subcommittee agenda-- Banking & Securities (COM), 03/10/04, 2:30 pm or upon adjournment of full committee, 404-H
    3/10/2004 House • Recommendation: Favorable by Banking & Securities (COM); YEAS 7 NAYS 0
    3/12/2004 House • Now in Commerce
    3/15/2004 House • On Committee agenda-- Commerce, 03/17/04, 8:30 am, 404-H
    3/17/2004 House • Favorable by Commerce; YEAS 19 NAYS 0 -HJ 00280; Now in Finance & Tax -HJ 00280
    3/19/2004 House • On Committee agenda-- Finance & Tax, 03/23/04, 1:00 pm, Reed Hall
    3/23/2004 House • Favorable by- Finance & Tax; YEAS 25 NAYS 0 -HJ 00314; Placed on Calendar -HJ 00314
    3/30/2004 House • Placed on Special Order Calendar; Read second time -HJ 00349
    4/26/2004 House • Substituted SB 2056 (Vetoed by Governor); Laid on Table -HJ 00778

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  • HB 1177, Original Filed Version (Current Bill Version) Posted 2/20/2004 at 9:40 AM

    Bill Text:   Web Page | PDF
    Analyses:   Commerce (Post-Meeting) (pdf)
    Commerce (Post-Meeting) (pdf)
    Commerce (Post-Meeting) (pdf)
    Finance & Tax (Post-Meeting) (pdf)
    Finance & Tax (Post-Meeting) (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location
    S 2056 Aronberg Identical Last Action: 5/6/2005 S Veto Message transmitted to Secretary of State
    Location:

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    617.0505 Payment of dividends and distribution of income to members prohibited; issuance of certificates of membership; effect of stock issued under prior law.

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