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HB23-1297

Prohibit Corporation Issuing Scrip In Bearer Form

Concerning prohibiting a corporation from issuing a scrip in bearer form upon the holder surrendering enough scrip to equal a full share.
Session:
2023 Regular Session
Subject:
Business & Economic Development
Bill Summary

In conformance with federal law, the act repeals the allowance for a corporation to issue a scrip in bearer form upon the holder surrendering enough scrip to equal a full share.

APPROVED by Governor June 7, 2023

EFFECTIVE August 7, 2023

NOTE: This act was passed without a safety clause and takes effect 90 days after sine die.
(Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

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Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    06/07/2023 Signed Act PDF
    05/22/2023 Final Act PDF
    05/04/2023 Rerevised PDF
    05/03/2023 Revised PDF
    04/26/2023 Reengrossed PDF
    04/25/2023 Engrossed PDF
    04/19/2023 Introduced PDF