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ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
1994 SESSION
SB 270 Securities Act; exemption of certain securities.
Introduced by: Robert L. Calhoun | all patrons ... notes | add to my profiles
SUMMARY:
Securities Act; registration exemption of certain securities-related solicitations; indication of interest. Authorizes the State Corporation Commission (SCC) to exempt certain solicitations relating to securities from the security registration requirements of the Securities Act. The measure permits the SCC to exempt, by rule, offers of a security soliciting an indication of interest in receiving a prospectus. The bill requires the SCC in its rulemaking proceeding to give due consideration to the North American Securities Administrators Association's (NASAA) national pilot project concerning these solicitations.
The SCC is directed to complete a rulemaking proceeding on this exemption no later than December 15, 1994, and to advise the Governor and the General Assembly if it is unable to meet that deadline.
The bill's provisions expire on July 1, 1997.
FULL TEXT
- 01/25/94 Senate: Presented and ordered printed pdf
- 02/07/94 Senate: Committee substitute printed LD3422625 (SB270S1) pdf
- 02/23/94 Senate: Bill text as passed Senate and House (SB270ER) pdf
- 04/05/94 Governor: Acts of Assembly Chapter text (CHAP0184) pdf
HISTORY
- 01/25/94 Senate: Presented and ordered printed
- 01/25/94 Senate: Referred to Committee on Commerce and Labor
- 02/07/94 Senate: Reported from C. & L. with substitute (15-Y 0-N)
- 02/07/94 Senate: Committee substitute printed LD3422625 (SB270S1)
- 02/08/94 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/08/94 Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
- 02/09/94 Senate: Read second time
- 02/09/94 Senate: Reading of substitute waived
- 02/09/94 Senate: Committee substitute agreed to
- 02/09/94 Senate: Engrossed by Senate - committee substitute
- 02/09/94 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/09/94 Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
- 02/09/94 Senate: Passed Senate (39-Y 0-N)
- 02/09/94 Senate: VOTE: PASSAGE (39-Y 0-N)
- 02/09/94 Senate: Communicated to House
- 02/10/94 House: Placed on Calendar
- 02/11/94 House: Read first time
- 02/11/94 House: Referred to Committee on Corporations, Insurance and Banking
- 02/17/94 House: Reported from Corp., Ins. & Banking (22-Y 0-N)
- 02/18/94 House: Read second time
- 02/21/94 House: Read third time
- 02/21/94 House: Passed House (Block Vote) (98-Y 0-N)
- 02/21/94 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 02/23/94 Senate: Bill text as passed Senate and House (SB270ER)
- 03/04/94 Senate: Enrolled
- 03/04/94 House: Signed by Speaker
- 03/06/94 Senate: Signed by President
- 04/02/94 Governor: Approved by Governor-Chapter 184 (effective 7/1/94)
- 04/05/94 Governor: Acts of Assembly Chapter text (CHAP0184)