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Glossary of Legislative Terms

SB 1274: Corporations

GENERAL BILL by Clemens

Corporations; Providing that the amendment of articles of incorporation or the merger, conversion, or share exchange of a social purpose or benefit corporation entitles the shareholders to appraisal rights; establishing requirements for the formation of a social purpose corporation; providing procedures for an existing corporation to become a social purpose corporation; requiring that the corporate purpose must be to create a public benefit; authorizing certain legal actions to be brought against a social purpose corporation, its officers, or its directors, etc.

Effective Date: 7/1/2013
 Last Action: 5/3/2013 Senate - Died in Governmental Oversight and Accountability
Bill Text: Web Page | PDF
Senate Committee References:
  1. Governmental Oversight and Accountability (GO)
  2. Judiciary (JU)


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Bill History

Date Chamber Action
2/27/2013 Senate • Filed
3/1/2013 Senate • Referred to Governmental Oversight and Accountability; Judiciary -SJ 96
3/5/2013 Senate • Introduced -SJ 96
5/3/2013 Senate • Died in Governmental Oversight and Accountability