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2000 SESSION

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SB 325 Professional business entities.

Introduced by: William C. Wampler, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Professional business entities. Clarifies that the articles of incorporation of a professional corporation, and articles of organization of a professional limited liability company, include a clause setting forth the entity's sole and specific purpose. The legislation also clarifies that the provisions of the Nonstock Corporation Act shall apply to nonstock professional corporations except when its provisions are in conflict with the chapter under which professional corporations are established. A similar provision currently exists with respect to the applicability of the Stock Corporation Act to stock professional corporations.

FULL TEXT

• 01/19/00  Senate: Presented & ordered printed 005032254  pdf
• 03/09/00  Senate: Bill text as passed Senate and House (SB325ER)  pdf
• 03/30/00  Governor: Acts of Assembly Chapter text (CHAP0194)  pdf

HISTORY

• 01/19/00  Senate: Presented & ordered printed 005032254
• 01/19/00  Senate: Referred to Committee on Commerce and Labor
• 01/24/00  Senate: Reported from Commerce and Labor (13-Y 0-N)
• 01/24/00  Senate: Rereferred to Courts of Justice
• 02/13/00  Senate: Reported from Courts of Justice (15-Y 0-N)
• 02/14/00  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/14/00  Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
• 02/15/00  Senate: Read second time and engrossed
• 02/15/00  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/15/00  Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
• 02/15/00  Senate: Passed Senate (39-Y 0-N)
• 02/15/00  Senate: VOTE: PASSAGE R (39-Y 0-N)
• 02/15/00  Senate: Communicated to House
• 02/21/00  House: Placed on Calendar
• 02/21/00  House: Read first time
• 02/21/00  House: Referred to Committee on Corporations, Insurance and Banking
• 02/24/00  House: Reported from Corp., Ins. & Banking (24-Y 0-N)
• 02/25/00  House: Read second time
• 02/28/00  House: Read third time
• 02/28/00  House: Passed House (Block Vote) (97-Y 0-N)
• 02/28/00  House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
• 03/09/00  Senate: Bill text as passed Senate and House (SB325ER)
• 03/14/00  Senate: Enrolled
• 03/14/00  House: Signed by Speaker
• 03/15/00  Senate: Signed by President
• 03/24/00  Governor: Approved by Governor-Chapter 194 (effective 7/1/00)
• 03/30/00  Governor: Acts of Assembly Chapter text (CHAP0194)