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The Florida Senate

SB 2718: Business Corp. Act/Shareholders

GENERAL BILL by Klein

Business Corp. Act/Shareholders; clarifies corporate action entitling shareholder to certain appraisal rights & payments for shares; provides requirements, procedures, & limitations on court actions; requires corporate payments under certain circumstances; revises certain notice requirements for dissolved corporations; revises procedure to clarify exemption for certain claims against said corporations being barred, etc. Amends 607.1302,.1407; creates 607.1330; reenacts FS.

Effective Date: 06/24/2004
Last Action: 6/24/2004 - Approved by Governor; Chapter No. 2004-378
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    3/2/2004 Senate • Filed
    3/16/2004 Senate • Introduced, referred to Judiciary; Governmental Oversight and Productivity; Commerce, Economic Opportunities, and Consumer Services -SJ 00313
    3/25/2004 Senate • On Committee agenda-- Judiciary, 03/30/04, 9:00 am, 110-S
    3/30/2004 Senate • Favorable by Judiciary; YEAS 8 NAYS 0 -SJ 00438; Now in Governmental Oversight and Productivity -SJ 00438
    4/8/2004 Senate • On Committee agenda-- Governmental Oversight and Productivity, 04/13/04, 2:45 pm, 110-S
    4/13/2004 Senate • Favorable by Governmental Oversight and Productivity; YEAS 10 NAYS 0 -SJ 00581
    4/14/2004 Senate • Now in Commerce, Economic Opportunities, and Consumer Services -SJ 00581; On Committee agenda-- Commerce, Economic Opportunities, and Consumer Services, 04/19/04, 11:30 am, 412-K
    4/19/2004 Senate • Favorable with 1 amendment(s) by- Commerce, Economic Opportunities, and Consumer Services; YEAS 10 NAYS 0 -SJ 00698
    4/20/2004 Senate • Placed on Calendar, on second reading -SJ 00698
    4/23/2004 Senate • Placed on Special Order Calendar -SJ 00868; Read second time -SJ 00785; Amendment(s) adopted -SJ 00785; Ordered engrossed -SJ 00785
    4/24/2004 Senate • Read third time -SJ 00880; Passed as amended; YEAS 37 NAYS 0 -SJ 00880
    4/26/2004 House • In Messages
    4/29/2004 House • Received, placed on Calendar -HJ 01088; Substituted for HB 1035 -HJ 01104; Read second time -HJ 01104
    4/30/2004 House • Read third time -HJ 01225; Passed; YEAS 117 NAYS 0 -HJ 01226
    4/30/2004 Senate • Ordered enrolled -SJ 01740
    6/16/2004 • Signed by Officers and presented to Governor
    6/24/2004 • Approved by Governor; Chapter No. 2004-378

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  • SB 2718, Enrolled (Current Bill Version) Posted 5/1/2004 at 11:03 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location
    H 1035 Seiler Similar Last Action: 4/29/2004 H Placed on Special Order Calendar; Substituted SB 2718; Laid on Table, Link/Iden/Sim/Compare passed, refer to SB 2718 (Ch. 2004-378) -HJ 01104
    Location:

    Citations - Statutes (7)

    Citation Catchline Location in Bill Location In Bill Help
    607.1106 Effect of merger or share exchange.
    607.1107 Merger or share exchange with foreign corporations.
    607.1109 Articles of merger.
    607.1302 Right of shareholders to appraisal.
    607.1321 Notice of intent to demand payment.
    607.1330
    607.1407 Unknown claims against dissolved corporation.

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  • SB 2718, Engrossed 1 Posted 4/23/2004 at 4:52 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Floor Votes (2)

    Date Chamber Result
    4/24/2004 10:56 AM Senate 37 Yeas - 0 Nays
    4/30/2004 5:14 PM House 117 Yeas - 0 Nays

    Citations - Statutes (7)

    Citation Catchline Location in Bill Location In Bill Help
    607.1106 Effect of merger or share exchange.
    607.1107 Merger or share exchange with foreign corporations.
    607.1109 Articles of merger.
    607.1302 Right of shareholders to appraisal.
    607.1321 Notice of intent to demand payment.
    607.1330
    607.1407 Unknown claims against dissolved corporation.

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  • SB 2718, Original Filed Version Posted 3/4/2004 at 8:18 AM

    Bill Text:   Web Page | PDF
    Analyses:   Commerce, Economic Opportunities, and Consumer Services (Post-Meeting) 4/16/2004 (pdf)
    Governmental Oversight and Productivity (Post-Meeting) 4/5/2004 (pdf)
    Judiciary (Post-Meeting) 3/29/2004 (pdf)

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    675086 - Amendment
    Commerce, Economic Opportunities, and Consumer Services 4/20/2004
    2:42 PM
    Web Page
    PDF

    Committee Votes (3)

    Date Committee Result
    3/30/2004 9:00 AM Judiciary 8 Yeas - 0 Nays
    4/13/2004 2:45 PM Governmental Oversight and Productivity 10 Yeas - 0 Nays
    4/19/2004 11:30 AM Commerce, Economic Opportunities, and Consumer Services 10 Yeas - 0 Nays

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    607.1302 Right of shareholders to appraisal.
    607.1330
    607.1407 Unknown claims against dissolved corporation.

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