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CS/SB 698: Business Entities [EPCC]

GENERAL BILL by Judiciary ; Deutch

Business Entities [EPCC]; Exempts a domestic corporation from the requirement to file articles of merger under certain circumstances. Revises the requirements for general partners with respect to exercising certain management rights. Provides that the expulsion of a limited partner requires the consent of all of the other limited partners. Revises terms related to qualifications to render professional services, etc.

Effective Date: Upon becoming law except as otherwise provided
 Last Action: 4/25/2008 Senate - Placed on Special Order Calendar; Substituted CS/HB 419 -SJ 00837; Laid on Table, Link/Iden/Sim/Compare passed, refer to CS/HB 419 (Ch. 2008-187) -SJ 00837
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    11/29/2007 Senate • Filed
    1/9/2008 Senate • Referred to Commerce; Judiciary; Finance and Tax; Transportation and Economic Development Appropriations
    3/4/2008 Senate • Introduced, referred to Commerce; Judiciary; Finance and Tax; Transportation and Economic Development Appropriations -SJ 00044
    3/6/2008 Senate • On Committee agenda-- Commerce, 03/11/08, 9:00 am, 401-S
    3/11/2008 Senate • Favorable with 1 amendment(s) by Commerce (301142); YEAS 7 NAYS 0 -SJ 00248; Now in Judiciary -SJ 00248
    3/20/2008 Senate • On Committee agenda-- Judiciary, 03/25/08, 12:45 pm, 110-S --Not considered
    3/27/2008 Senate • On Committee agenda-- Judiciary, 04/01/08, 1:00 pm, 110-S
    4/1/2008 Senate • CS by Judiciary; YEAS 11 NAYS 0 -SJ 00426; CS read 1st time on 04/03/08 -SJ 00429
    4/3/2008 Senate • Pending reference review under Rule 4.7(2); Now in Finance and Tax -SJ 00426
    4/10/2008 Senate • On Committee agenda-- Finance and Tax, 04/15/08, 2:15 pm, 301-S
    4/15/2008 Senate • Favorable by Finance and Tax; YEAS 4 NAYS 0 -SJ 00618; Now in Transportation and Economic Development Appropriations -SJ 00618
    4/17/2008 Senate • On Committee agenda-- Transportation and Economic Development Appropriations, 04/22/08, 10:15 am, 309-C
    4/22/2008 Senate • Favorable by- Transportation and Economic Development Appropriations; YEAS 5 NAYS 0 -SJ 00753; Placed on Calendar, on 2nd reading -SJ 00753
    4/25/2008 Senate • Placed on Special Order Calendar; Substituted CS/HB 419 -SJ 00837; Laid on Table, Link/Iden/Sim/Compare passed, refer to CS/HB 419 (Ch. 2008-187) -SJ 00837

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  • CS/SB 698, Committee Substitute 1 (Current Bill Version) Posted 4/3/2008 at 4:58 PM

    Bill Text:   Web Page | PDF
    Analyses:   Finance and Tax (Post-Meeting) 4/10/2008 (pdf)
    Judiciary (Post-Meeting) 4/3/2008 (pdf)
    Transportation and Economic Development Appropriations (Post-Meeting) 4/17/2008 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location
    H 419 (c1) Simmons Similar Last Action: 6/17/2008 Approved by Governor; Chapter No. 2008-187
    Location:

    Committee Votes (2)

    Date Committee Result
    4/15/2008 2:15 PM Finance and Tax 4 Yeas - 0 Nays
    4/22/2008 10:15 AM Transportation and Economic Development Appropriations 5 Yeas - 0 Nays

    Citations - Statutes (21)

    Citation Catchline Location in Bill Location In Bill Help
    607.1109 Articles of merger.
    607.1113 Certificate of conversion.
    607.1115 Conversion of another business entity to a domestic corporation.
    608.4382 Certificate of merger.
    608.439 Conversion of certain entities to a limited liability company.
    608.4403 Certificate of conversion.
    617.1108 Merger of domestic corporation and other business entities.
    620.1406 Management rights of general partner; approval rights of other partners.
    620.2104 Filings required for conversion; effective date.
    620.2108 Filings required for merger; effective date.
    620.2204 Application to existing relationships.
    620.8101 Definitions.
    620.8105 Execution, filing, and recording of partnership registration and other statements.
    620.81055 Fees for filing documents and issuing certificates; powers of the Department of State.
    620.8911 Definitions.
    620.8914 Filings required for conversion; effective date.
    620.8918 Filings required for merger; effective date.
    621.06 Rendition of professional services, limitations.
    621.10 Disqualification of member, shareholder, officer, agent, or employee; administrative dissolution.
    621.13 Applicability of chapters 607 and 608.
    727.114 Priority of claims.

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  • SB 698, Original Filed Version Posted 11/29/2007 at 2:56 PM

    Bill Text:   Web Page | PDF
    Analyses:   Commerce (Post-Meeting) 3/11/2008 (pdf)

    Committee Amendments (7)

    Amendment Sponsor Filed Last Committee Action Format
    301142 - Amendment
    		Commerce
    (Diaz de la Portilla)     		3/10/2008
    9:04 AM     		Favorable
    4/1/2008     		Web Page
    PDF
    781832 - Amendment
    		Judiciary
    (Deutch)     		3/24/2008
    7:46 PM     		Replaced by Committee Substitute
    4/1/2008     		Web Page
    PDF
    354020 - Amendment
    		Judiciary
    (Deutch)     		3/24/2008
    7:46 PM     		Replaced by Committee Substitute
    4/1/2008     		Web Page
    PDF
    571080 - Amendment
    		Judiciary
    (Deutch)     		3/24/2008
    7:47 PM     		Replaced by Committee Substitute
    4/1/2008     		Web Page
    PDF
    191800 - Amendment
    		Judiciary
    (Deutch)     		3/24/2008
    7:47 PM     		Replaced by Committee Substitute
    4/1/2008     		Web Page
    PDF
    533286 - Amendment
    		Judiciary
    (Deutch)     		3/24/2008
    7:47 PM     		Replaced by Committee Substitute
    4/1/2008     		Web Page
    PDF
    754926 - Amendment
    		Judiciary
    (Deutch)     		3/31/2008
    4:40 PM     		Replaced by Committee Substitute
    4/1/2008     		Web Page
    PDF

    Committee Votes (2)

    Date Committee Result
    3/11/2008 9:00 AM Commerce 7 Yeas - 0 Nays
    4/1/2008 1:00 PM Judiciary 11 Yeas - 0 Nays

    Citations - Statutes (17)

    Citation Catchline Location in Bill Location In Bill Help
    607.1109 Articles of merger.
    607.1113 Certificate of conversion.
    607.1115 Conversion of another business entity to a domestic corporation.
    608.4382 Certificate of merger.
    608.439 Conversion of certain entities to a limited liability company.
    608.4403 Certificate of conversion.
    617.1108 Merger of domestic corporation and other business entities.
    620.1406 Management rights of general partner; approval rights of other partners.
    620.2104 Filings required for conversion; effective date.
    620.2108 Filings required for merger; effective date.
    620.2204 Application to existing relationships.
    620.8101 Definitions.
    620.8105 Execution, filing, and recording of partnership registration and other statements.
    620.81055 Fees for filing documents and issuing certificates; powers of the Department of State.
    620.8911 Definitions.
    620.8914 Filings required for conversion; effective date.
    620.8918 Filings required for merger; effective date.

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