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- Subject Index: Since 1995
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Developed and maintained by the Division of Legislative Automated Systems.
2006 SESSION
HB 952 Employee stock ownership plan; authorizes option plans.
Introduced by: Johnny S. Joannou | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Professional corporations; employee stock ownership plans. Authorizes a professional corporation to issue shares of its stock to, and authorizes its shareholders to transfer shares to, the trustees of an eligible employee stock ownership plan. An eligible employee stock ownership plan is a plan with trustees who are licensed to render the professional service for which the corporation is organized and that prohibits an individual not licensed to render the professional service from owning, or being issued, shares in the professional corporation. However, professional corporations rendering the services of certified public accountants, architects, engineers, land surveyors, certified landscape architects or certified interior designers may have employee stock ownership plans that permit individuals who are not duly licensed to render such service or legally authorized to use such title, as appropriate, to render these services to participate in the plan if the minimum percentages of equity interest required for stock ownership generally are satisfied.
FULL TEXT
- 01/10/06 House: Prefiled and ordered printed; offered 01/11/06 062606352 pdf | impact statement
- 02/01/06 House: Committee substitute printed 062727352-H1 pdf | impact statement
- 03/06/06 Senate: Committee substitute printed 062774352-S1 pdf | impact statement
- 03/15/06 House: Bill text as passed House and Senate (HB952ER) pdf | impact statement
- 04/14/06 Governor: Acts of Assembly Chapter text (CHAP0672) pdf
HISTORY
- 01/10/06 House: Prefiled and ordered printed; offered 01/11/06 062606352
- 01/10/06 House: Referred to Committee on Commerce and Labor
- 01/23/06 House: Assigned to Commerce and Labor sub-committee: Financial Institutions (Dudley)
- 01/31/06 House: Reported from Commerce and Labor with substitute (21-Y 0-N)
- 02/01/06 House: Committee substitute printed 062727352-H1
- 02/02/06 House: Read first time
- 02/03/06 House: Read second time
- 02/03/06 House: Committee substitute agreed to 062727352-H1
- 02/03/06 House: Engrossed by House - committee substitute HB952H1
- 02/06/06 House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
- 02/06/06 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 02/06/06 House: Reconsideration of passage agreed to by House
- 02/06/06 House: Passed House BLOCK VOTE (100-Y 0-N)
- 02/06/06 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/06/06 House: Communicated to Senate
- 02/07/06 Senate: Constitutional reading dispensed
- 02/07/06 Senate: Referred to Committee on Commerce and Labor
- 03/06/06 Senate: Reported from Commerce and Labor with substitute (14-Y 0-N)
- 03/06/06 Senate: Committee substitute printed 062774352-S1
- 03/07/06 Senate: Constitutional reading dispensed (40-Y 0-N)
- 03/07/06 Senate: VOTE: (40-Y 0-N)
- 03/07/06 Senate: Read third time
- 03/07/06 Senate: Reading of substitute waived
- 03/07/06 Senate: Committee substitute agreed to 062774352-S1
- 03/07/06 Senate: Engrossed by Senate - committee substitute HB952S1
- 03/07/06 Senate: Passed Senate with substitute (40-Y 0-N)
- 03/07/06 Senate: VOTE: (40-Y 0-N)
- 03/08/06 House: Placed on Calendar
- 03/09/06 House: Senate substitute agreed to by House (98-Y 0-N)
- 03/09/06 House: VOTE: ADOPTION (98-Y 0-N)
- 03/15/06 House: Bill text as passed House and Senate (HB952ER)
- 03/15/06 House: Enrolled
- 03/15/06 House: Signed by Speaker
- 03/16/06 Senate: Signed by President
- 04/05/06 Governor: Approved by Governor-Chapter 672 (effective 7/1/06)
- 04/14/06 Governor: Acts of Assembly Chapter text (CHAP0672)