63999E875983AF64872583970070C0BB Hearing Summary CLICS/CLICS2019A/commsumm.nsf PUBLICBILL SUMMARY For SB19-086SENATE COMMITTEE ON JUDICIARYDate Feb 4, 2019 Location SCR 352 SB19-086 - Amended, referred to Senate Appropriations Attachment Tag File Name Attachment A http://www2.leg.state.co.us/CLICS/CLICS2019A/commsumm.nsf/0/D5D622BBF6EA...$File/19SenateJud0204AttachA.pdf?OpenElement 19SenateJud0204AttachA.pdf 01:31:35 PM Senator Lee explained SB19-086, concerning updates to the laws governing business entities. Herrick Lidstone, representing the Colorado Bar Association, spoke in favor of the bill. He explained the basis for the bill, the committees that worked on it, and the process involved. Mark Loewenstein, representing the Colorado Bar Association, testified in support of the bill. He discussed the benefits of the bill, one of which combines two sections of law into one. He also explained that the bill incorporates a judge-made law. 01:41:08 PM Senator Lee distributed and discussed Amendment L.001 (Attachment A), Mr. Lidstone further explained that the amendment fixes a typographical error and broadens certain definitions. 01:43:50 PM Motion Adopt amendment L.001 Moved Lee Seconded Cooke Gardner Excused Rodriguez Gonzales Lee YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection 01:44:32 PM Motion Refer Senate Bill 19-086, as amended, to the Committee on Appropriations. Moved Lee Seconded Cooke Yes Gardner Excused Rodriguez Yes Gonzales Yes Lee Yes Final YES: 4 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS