SB 974: Sale of Assets by Corporations and LLCs [CPSC]
GENERAL BILL by Smith
Sale of Assets by Corporations and LLCs [CPSC]; Requires that a corporation and a limited liability company provide notice a specified number of days before the proposed sale of its assets under certain circumstances. Requires that the notice provide certain additional information if the debts of the seller are not to be paid in full or if the seller is unclear as to whether such debts must be paid in full as a result of the transaction, etc.
Effective Date: 07/01/2009
Last Action: 5/2/2009 Senate - Indefinitely postponed and withdrawn from consideration; Died in Committee on Commerce
Bill Text: Web Page | PDF
Last Action: 5/2/2009 Senate - Indefinitely postponed and withdrawn from consideration; Died in Committee on Commerce
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/26/2009 | Senate |
• Filed |
| 2/5/2009 | Senate |
• Referred to Commerce; Judiciary; Transportation and Economic Development Appropriations |
| 3/3/2009 | Senate |
• Introduced, referred to Commerce; Judiciary; Transportation and Economic Development Appropriations -SJ 00059 |
| 5/2/2009 | Senate |
• Indefinitely postponed and withdrawn from consideration; Died in Committee on Commerce |