CS/SB 838: Business Organizations
GENERAL BILL by Commerce and Tourism ; Simmons
Business Organizations; Specifying that certain documents accepted by the Department of State for filing are effective on the date the documents are accepted by the department; revising the required contents of a meeting notice relating to the removal of a director by shareholders; authorizing a domestic corporation to acquire one or more classes or series of shares under certain circumstances; authorizing the department to direct certain interrogatories to certain corporations and to officers or directors of certain corporations, etc.
Senate Committee References:
- Commerce and Tourism (CM)
- Judiciary (JU)
- Rules (RC)
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Bill History
Date Chamber Action 11/7/2019 Senate • Filed
11/21/2019 Senate • Referred to Commerce and Tourism; Judiciary; Rules -SJ 63
1/9/2020 Senate • On Committee agenda-- Commerce and Tourism, 01/14/20, 2:30 pm, 110 Senate Building
1/14/2020 Senate • Introduced -SJ 63
• CS by Commerce and Tourism; YEAS 5 NAYS 0 -SJ 155
1/15/2020 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
1/16/2020 Senate • Now in Judiciary
1/22/2020 Senate • CS by Commerce and Tourism read 1st time -SJ 187
1/23/2020 Senate • On Committee agenda-- Judiciary, 01/28/20, 4:00 pm, 110 Senate Building
1/28/2020 Senate • Favorable by Judiciary; YEAS 6 NAYS 0 -SJ 214
1/29/2020 Senate • Now in Rules
1/31/2020 Senate • On Committee agenda-- Rules, 02/05/20, 9:30 am, 110 Senate Building
2/5/2020 Senate • Favorable by- Rules; YEAS 16 NAYS 0 -SJ 239
• Placed on Calendar, on 2nd reading
2/17/2020 Senate • Placed on Special Order Calendar, 02/19/20 -SJ 324
2/19/2020 Senate • Read 2nd time -SJ 320
• Placed on 3rd reading
2/26/2020 Senate • Read 3rd time -SJ 336
• CS passed; YEAS 40 NAYS 0 -SJ 337
3/3/2020 House • In Messages
3/6/2020 House • Referred to Calendar -HJ 811
• Placed on Special Order Calendar, 03/09/20
• Received -HJ 811
3/9/2020 House • Read 2nd time -HJ 992
• Amendment(s) adopted (145281, 556959) -HJ 992
• Placed on 3rd reading
3/10/2020 House • Read 3rd time -HJ 1028
• CS passed as amended; YEAS 114 NAYS 0 -HJ 1028
3/10/2020 Senate • In returning messages
3/12/2020 Senate • Refused to concur in 2 amendment(s) (145281, 556959) -SJ 833
• Requested House to recede -SJ 833
3/12/2020 House • In returning messages
3/13/2020 House • Receded from 2 amendment(s) (145281, 556959) -HJ 1201
• CS passed; YEAS 109 NAYS 0 -HJ 1202
3/13/2020 Senate • Ordered enrolled -SJ 918
6/3/2020 • Signed by Officers and presented to Governor
6/18/2020 • Approved by Governor
6/19/2020 • Chapter No. 2020-32
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CS/SB 838, Enrolled (Current Bill Version) Posted 3/13/2020 at 1:51 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 495 (c2) Business Organizations Civil Justice Subcommittee Identical Last Action: 3/9/2020 H Laid on Table, companion bill(s) passed, see CS/SB 838 (Ch. 2020-32) -HJ 995 
Citations - Statutes (77)
Citation Catchline Location in Bill Location In Bill Help 605.0116 Change of name or address by registered agent. Page 67 (pdf) 605.0207 Effective date and time. Page 68 (pdf) 605.0215 Certificates to be received in evidence and evidentiary effect of copy of filed document. Page 68 (pdf) 605.0702 Grounds for judicial dissolution. Page 69 (pdf) 605.0716 Judicial review of denial of reinstatement. Page 69 (pdf) 605.1104 Interrogatories by department; other powers of department. 607.0120 Filing requirements. Page 3 (pdf) 607.0123 Effective time and date of document. Page 3 (pdf) 607.0125 Filing duties of the department. Page 5 (pdf) 607.0127 Certificates to be received in evidence; evidentiary effect of certified copy of filed document. Page 5 (pdf) 607.01401 Definitions. Page 6 (pdf) 607.0141 Notice. Page 8 (pdf) 607.0501 Registered office and registered agent. Page 12 (pdf) 607.0601 Authorized shares. Page 12 (pdf) 607.0602 Terms of class or series determined by board of directors. Page 13 (pdf) 607.0620 Subscriptions for shares. Page 13 (pdf) 607.0623 Share dividends. Page 14 (pdf) 607.0630 Shareholders’ preemptive rights. Page 14 (pdf) 607.0704 Action by shareholders without a meeting. Page 15 (pdf) 607.0705 Notice of meeting. Page 15 (pdf) 607.0707 Record date. Page 16 (pdf) 607.0720 Shareholders’ list for meeting. Page 17 (pdf) 607.0721 Voting entitlement of shares. Page 18 (pdf) 607.0732 Shareholder agreements. Page 18 (pdf) 607.0750 Direct action by shareholder. Page 19 (pdf) 607.0808 Removal of directors by shareholders. Page 19 (pdf) 607.0832 Director conflicts of interest. Page 19 (pdf) 607.0850 Definitions. Page 20 (pdf) 607.0855 Determination and authorization of indemnification. Page 20 (pdf) 607.0858 Variation by corporate action; application of ss. 607.0850-607.0859. Page 21 (pdf) 607.0901 Affiliated transactions. Page 21 (pdf) 607.1002 Amendment by board of directors. Page 22 (pdf) 607.1003 Amendment by board of directors and shareholders. Page 22 (pdf) 607.1102 Share exchange. Page 23 (pdf) 607.1103 Action on a plan of merger or share exchange. Page 25 (pdf) 607.11035 Shareholder approval of a merger or share exchange in connection with a tender offer. Page 30 (pdf) 607.11045 Holding company formation by merger by certain corporations. Page 33 (pdf) 607.1106 Effect of merger or share exchange. Page 33 (pdf) 607.11920 Domestication. Page 35 (pdf) 607.11921 Action on a plan of domestication. Page 36 (pdf) 607.11923 Amendment of a plan of domestication; abandonment. Page 37 (pdf) 607.11924 Effect of domestication. Page 38 (pdf) 607.11932 Action on a plan of conversion. Page 39 (pdf) 607.11933 Articles of conversion; effectiveness. Page 40 (pdf) 607.11935 Effect of conversion. Page 40 (pdf) 607.1202 Shareholder approval of certain dispositions. Page 42 (pdf) 607.1301 Appraisal rights; definitions. Page 43 (pdf) 607.1302 Right of shareholders to appraisal. Page 44 (pdf) 607.1303 Assertion of rights by nominees and beneficial owners. Page 48 (pdf) 607.1320 Notice of appraisal rights. Page 49 (pdf) 607.1333 Limitation on corporate payment. Page 49 (pdf) 607.1340 Other remedies limited. Page 50 (pdf) 607.1403 Articles of dissolution. Page 50 (pdf) 607.1406 Known claims against dissolved corporation. Page 51 (pdf) 607.1422 Reinstatement following administrative dissolution. Page 52 (pdf) 607.1430 Grounds for judicial dissolution. Page 53 (pdf) 607.1431 Procedure for judicial dissolution. Page 56 (pdf) 607.1432 Receivership or custodianship. Page 57 (pdf) 607.14401 Deposit with Department of Financial Services. Page 57 (pdf) 607.1501 Authority of foreign corporation to transact business required; activities not constituting transacting business. Page 57 (pdf) 607.1502 Effect of failure to have a certificate of authority. Page 58 (pdf) 607.1503 Application for certificate of authority. Page 59 (pdf) 607.1504 Amended certificate of authority. Page 59 (pdf) 607.1505 Effect of a certificate of authority. Page 60 (pdf) 607.1507 Registered office and registered agent of foreign corporation. Page 60 (pdf) 607.1509 Resignation of registered agent of foreign corporation. Page 60 (pdf) 607.15091 Change of name or address by registered agent. Page 61 (pdf) 607.15101 Service of process, notice, or demand on a foreign corporation. Page 61 (pdf) 607.1520 Withdrawal and cancellation of certificate of authority for foreign corporation. Page 61 (pdf) 607.1602 Inspection of records by shareholders. Page 61 (pdf) 607.1604 Court-ordered inspection. Page 63 (pdf) 607.1622 Annual report for department. Page 64 (pdf) 607.1703 Page 64 (pdf) 607.1907 Saving provision. Page 66 (pdf) 607.504 Election of social purpose corporation status. Page 67 (pdf) 617.0501 Registered office and registered agent. Page 70 (pdf) 617.0825 Committees. Page 70 (pdf) -
CS/SB 838, Committee Substitute 1 Posted 1/15/2020 at 9:39 AM
Bill Text: Web Page | PDF Analyses: Judiciary (Pre-Meeting) 1/27/2020 (pdf)
Judiciary (Post-Meeting) 1/28/2020 (pdf)
Rules (Pre-Meeting) 2/3/2020 (pdf)
Rules (Post-Meeting) 2/5/2020 (pdf)
House Message Summary (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 495 (c2) Business Organizations Civil Justice Subcommittee Identical Last Action: 3/9/2020 H Laid on Table, companion bill(s) passed, see CS/SB 838 (Ch. 2020-32) -HJ 995
Floor Amendments (2)
Amendment Sponsor Filed Last Floor Action Format 556959 - Amendment
Between lines 1305 and 1306, insert:Robinson, W. 3/9/2020
8:01 AMHouse: Recede
3/13/2020PDF 145281 - Amendment
Between lines 1956 and 1957, insert:Santiago 3/9/2020
7:41 AMHouse: Recede
3/13/2020PDF Committee Votes (2)
Date Committee Result 1/28/2020 4:00 PM Judiciary 6 Yeas - 0 Nays 2/5/2020 9:30 AM Rules 16 Yeas - 0 Nays Floor Votes (3)
Date Chamber Result 2/26/2020 3:40 PM Senate 40 Yeas - 0 Nays 3/10/2020 11:58 AM House 114 Yeas - 0 Nays 3/13/2020 11:18 AM House 109 Yeas - 0 Nays Citations - Statutes (77)
Citation Catchline Location in Bill Location In Bill Help 605.0116 Change of name or address by registered agent. Page 67 (pdf) 605.0207 Effective date and time. Page 68 (pdf) 605.0215 Certificates to be received in evidence and evidentiary effect of copy of filed document. Page 68 (pdf) 605.0702 Grounds for judicial dissolution. Page 69 (pdf) 605.0716 Judicial review of denial of reinstatement. Page 69 (pdf) 605.1104 Interrogatories by department; other powers of department. 607.0120 Filing requirements. Page 3 (pdf) 607.0123 Effective time and date of document. Page 3 (pdf) 607.0125 Filing duties of the department. Page 5 (pdf) 607.0127 Certificates to be received in evidence; evidentiary effect of certified copy of filed document. Page 5 (pdf) 607.01401 Definitions. Page 6 (pdf) 607.0141 Notice. Page 8 (pdf) 607.0501 Registered office and registered agent. Page 12 (pdf) 607.0601 Authorized shares. Page 12 (pdf) 607.0602 Terms of class or series determined by board of directors. Page 13 (pdf) 607.0620 Subscriptions for shares. Page 13 (pdf) 607.0623 Share dividends. Page 14 (pdf) 607.0630 Shareholders’ preemptive rights. Page 14 (pdf) 607.0704 Action by shareholders without a meeting. Page 15 (pdf) 607.0705 Notice of meeting. Page 15 (pdf) 607.0707 Record date. Page 16 (pdf) 607.0720 Shareholders’ list for meeting. Page 17 (pdf) 607.0721 Voting entitlement of shares. Page 18 (pdf) 607.0732 Shareholder agreements. Page 18 (pdf) 607.0750 Direct action by shareholder. Page 19 (pdf) 607.0808 Removal of directors by shareholders. Page 19 (pdf) 607.0832 Director conflicts of interest. Page 19 (pdf) 607.0850 Definitions. Page 20 (pdf) 607.0855 Determination and authorization of indemnification. Page 20 (pdf) 607.0858 Variation by corporate action; application of ss. 607.0850-607.0859. Page 21 (pdf) 607.0901 Affiliated transactions. Page 21 (pdf) 607.1002 Amendment by board of directors. Page 22 (pdf) 607.1003 Amendment by board of directors and shareholders. Page 22 (pdf) 607.1102 Share exchange. Page 23 (pdf) 607.1103 Action on a plan of merger or share exchange. Page 25 (pdf) 607.11035 Shareholder approval of a merger or share exchange in connection with a tender offer. Page 30 (pdf) 607.11045 Holding company formation by merger by certain corporations. Page 33 (pdf) 607.1106 Effect of merger or share exchange. Page 33 (pdf) 607.11920 Domestication. Page 35 (pdf) 607.11921 Action on a plan of domestication. Page 36 (pdf) 607.11923 Amendment of a plan of domestication; abandonment. Page 37 (pdf) 607.11924 Effect of domestication. Page 38 (pdf) 607.11932 Action on a plan of conversion. Page 39 (pdf) 607.11933 Articles of conversion; effectiveness. Page 40 (pdf) 607.11935 Effect of conversion. Page 40 (pdf) 607.1202 Shareholder approval of certain dispositions. Page 42 (pdf) 607.1301 Appraisal rights; definitions. Page 43 (pdf) 607.1302 Right of shareholders to appraisal. Page 44 (pdf) 607.1303 Assertion of rights by nominees and beneficial owners. Page 48 (pdf) 607.1320 Notice of appraisal rights. Page 49 (pdf) 607.1333 Limitation on corporate payment. Page 49 (pdf) 607.1340 Other remedies limited. Page 50 (pdf) 607.1403 Articles of dissolution. Page 50 (pdf) 607.1406 Known claims against dissolved corporation. Page 51 (pdf) 607.1422 Reinstatement following administrative dissolution. Page 52 (pdf) 607.1430 Grounds for judicial dissolution. Page 53 (pdf) 607.1431 Procedure for judicial dissolution. Page 56 (pdf) 607.1432 Receivership or custodianship. Page 57 (pdf) 607.14401 Deposit with Department of Financial Services. Page 57 (pdf) 607.1501 Authority of foreign corporation to transact business required; activities not constituting transacting business. Page 57 (pdf) 607.1502 Effect of failure to have a certificate of authority. Page 58 (pdf) 607.1503 Application for certificate of authority. Page 59 (pdf) 607.1504 Amended certificate of authority. Page 59 (pdf) 607.1505 Effect of a certificate of authority. Page 60 (pdf) 607.1507 Registered office and registered agent of foreign corporation. Page 60 (pdf) 607.1509 Resignation of registered agent of foreign corporation. Page 60 (pdf) 607.15091 Change of name or address by registered agent. Page 61 (pdf) 607.15101 Service of process, notice, or demand on a foreign corporation. Page 61 (pdf) 607.1520 Withdrawal and cancellation of certificate of authority for foreign corporation. Page 61 (pdf) 607.1602 Inspection of records by shareholders. Page 61 (pdf) 607.1604 Court-ordered inspection. Page 63 (pdf) 607.1622 Annual report for department. Page 64 (pdf) 607.1703 Page 64 (pdf) 607.1907 Saving provision. Page 66 (pdf) 607.504 Election of social purpose corporation status. Page 67 (pdf) 617.0501 Registered office and registered agent. Page 70 (pdf) 617.0825 Committees. Page 70 (pdf) -
SB 838, Original Filed Version Posted 11/7/2019 at 4:40 PM
Bill Text: Web Page | PDF Analyses: Commerce and Tourism (Pre-Meeting) 1/13/2020 (pdf)
Commerce and Tourism (Post-Meeting) 1/15/2020 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 495 (c1) Business Organizations Civil Justice Subcommittee Similar Last Action: 3/9/2020 H Laid on Table, companion bill(s) passed, see CS/SB 838 (Ch. 2020-32) -HJ 995
Committee Amendments (4)
Amendment Sponsor Filed Last Committee Action Format 761118 - Amendment
Delete lines 242 - 321.Commerce and Tourism
(Simmons)1/13/2020
11:43 AMReplaced by Committee Substitute
1/15/2020Web Page
PDF281600 - Amendment
Between lines 648 and 649 insert:Commerce and Tourism
(Simmons)1/13/2020
11:43 AMReplaced by Committee Substitute
1/15/2020Web Page
PDF621802 - Amendment
Delete lines 1900 - 2004 and insert:Commerce and Tourism
(Simmons)1/13/2020
11:44 AMReplaced by Committee Substitute
1/15/2020Web Page
PDF506566 - Amendment
Between lines 2086 and 2087 insert:Commerce and Tourism
(Simmons)1/13/2020
11:44 AMReplaced by Committee Substitute
1/15/2020Web Page
PDFCommittee Votes (1)
Date Committee Result 1/14/2020 2:30 PM Commerce and Tourism 5 Yeas - 0 Nays Citations - Statutes (77)
Citation Catchline Location in Bill Location In Bill Help 605.0116 Change of name or address by registered agent. Page 67 (pdf) 605.0207 Effective date and time. Page 68 (pdf) 605.0215 Certificates to be received in evidence and evidentiary effect of copy of filed document. Page 68 (pdf) 605.0702 Grounds for judicial dissolution. Page 69 (pdf) 605.0716 Judicial review of denial of reinstatement. Page 69 (pdf) 607.0120 Filing requirements. Page 3 (pdf) 607.0123 Effective time and date of document. Page 3 (pdf) 607.0125 Filing duties of the department. Page 5 (pdf) 607.0127 Certificates to be received in evidence; evidentiary effect of certified copy of filed document. Page 5 (pdf) 607.01401 Definitions. Page 6 (pdf) 607.0141 Notice. Page 8 (pdf) 607.0302 General powers. Page 9 (pdf) 607.0501 Registered office and registered agent. Page 12 (pdf) 607.0601 Authorized shares. Page 12 (pdf) 607.0602 Terms of class or series determined by board of directors. Page 13 (pdf) 607.0620 Subscriptions for shares. Page 13 (pdf) 607.0623 Share dividends. Page 14 (pdf) 607.0630 Shareholders’ preemptive rights. Page 14 (pdf) 607.0704 Action by shareholders without a meeting. Page 15 (pdf) 607.0705 Notice of meeting. Page 15 (pdf) 607.0707 Record date. Page 16 (pdf) 607.0720 Shareholders’ list for meeting. Page 17 (pdf) 607.0721 Voting entitlement of shares. Page 18 (pdf) 607.0732 Shareholder agreements. Page 18 (pdf) 607.0750 Direct action by shareholder. Page 19 (pdf) 607.0808 Removal of directors by shareholders. Page 19 (pdf) 607.0832 Director conflicts of interest. Page 19 (pdf) 607.0850 Definitions. Page 20 (pdf) 607.0855 Determination and authorization of indemnification. Page 20 (pdf) 607.0858 Variation by corporate action; application of ss. 607.0850-607.0859. Page 21 (pdf) 607.0901 Affiliated transactions. Page 21 (pdf) 607.1002 Amendment by board of directors. Page 22 (pdf) 607.1003 Amendment by board of directors and shareholders. Page 22 (pdf) 607.1102 Share exchange. Page 23 (pdf) 607.1103 Action on a plan of merger or share exchange. Page 25 (pdf) 607.11035 Shareholder approval of a merger or share exchange in connection with a tender offer. Page 30 (pdf) 607.11045 Holding company formation by merger by certain corporations. Page 33 (pdf) 607.1106 Effect of merger or share exchange. Page 33 (pdf) 607.11920 Domestication. Page 35 (pdf) 607.11921 Action on a plan of domestication. Page 36 (pdf) 607.11923 Amendment of a plan of domestication; abandonment. Page 37 (pdf) 607.11924 Effect of domestication. Page 38 (pdf) 607.11932 Action on a plan of conversion. Page 39 (pdf) 607.11933 Articles of conversion; effectiveness. Page 40 (pdf) 607.11935 Effect of conversion. Page 40 (pdf) 607.1202 Shareholder approval of certain dispositions. Page 42 (pdf) 607.1301 Appraisal rights; definitions. Page 43 (pdf) 607.1302 Right of shareholders to appraisal. Page 44 (pdf) 607.1303 Assertion of rights by nominees and beneficial owners. Page 48 (pdf) 607.1320 Notice of appraisal rights. Page 49 (pdf) 607.1333 Limitation on corporate payment. Page 49 (pdf) 607.1340 Other remedies limited. Page 50 (pdf) 607.1403 Articles of dissolution. Page 50 (pdf) 607.1406 Known claims against dissolved corporation. Page 51 (pdf) 607.1422 Reinstatement following administrative dissolution. Page 52 (pdf) 607.1430 Grounds for judicial dissolution. Page 53 (pdf) 607.1431 Procedure for judicial dissolution. Page 56 (pdf) 607.1432 Receivership or custodianship. Page 57 (pdf) 607.14401 Deposit with Department of Financial Services. Page 57 (pdf) 607.1501 Authority of foreign corporation to transact business required; activities not constituting transacting business. Page 57 (pdf) 607.1502 Effect of failure to have a certificate of authority. Page 58 (pdf) 607.1503 Application for certificate of authority. Page 59 (pdf) 607.1504 Amended certificate of authority. Page 59 (pdf) 607.1505 Effect of a certificate of authority. Page 60 (pdf) 607.1507 Registered office and registered agent of foreign corporation. Page 60 (pdf) 607.1509 Resignation of registered agent of foreign corporation. Page 60 (pdf) 607.15091 Change of name or address by registered agent. Page 61 (pdf) 607.15101 Service of process, notice, or demand on a foreign corporation. Page 61 (pdf) 607.1520 Withdrawal and cancellation of certificate of authority for foreign corporation. Page 61 (pdf) 607.1602 Inspection of records by shareholders. Page 61 (pdf) 607.1604 Court-ordered inspection. Page 63 (pdf) 607.1622 Annual report for department. Page 64 (pdf) 607.1703 Page 64 (pdf) 607.1907 Saving provision. Page 66 (pdf) 607.504 Election of social purpose corporation status. Page 67 (pdf) 617.0501 Registered office and registered agent. Page 70 (pdf) 617.0825 Committees. Page 70 (pdf)