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H_BUS_2016A 04/07/2016 01:40:09 PM Committee Summary

Final

STAFF SUMMARY OF MEETING



HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR

Date: 04/07/2016
ATTENDANCE
Time: 01:40 PM to 02:40 PM
Arndt
X
Garnett
X
Place: LSB A
Navarro
X
Nordberg
X
This Meeting was called to order by
Pabon
*
Representative Williams
Rosenthal
X
Roupe
X
This Report was prepared by
Sias
X
Luisa Altmann
Thurlow
X
Winter
X
Wist
X
Kraft-Tharp
X
Williams
X
X = Present, E = Excused, A = Absent, * = Present after roll call
Bills Addressed: Action Taken:
HB16-1330

HB16-1333

HB16-1329

HB16-1404
Referred to the Committee of the Whole

Referred to the Committee of the Whole

Referred to the Committee of the Whole

Referred to Finance





01:40 PM -- HB 16-1330



Representative Lee introduced House Bill 16-1330. The bill allows a person to file a statement of correction with the Secretary of State if a document previously filed was delivered to the Secretary of State for filing in error.



Representative Lee responded to questions from the committee.



01:47 PM --
Herrick Lidstone, Colorado Bar Association (CBA) and representing the South Metro Denver Chamber of Commerce (SMDCC), testified in support of the bill. Mr. Lidstone responded to questions from the committee.



01:54 PM --
Tim Griesmer, Department of State and representing the Secretary of State's Office, testified in support of the bill. Mr. Griesmer responded to questions from the committee.



01:56 PM



Representative Lee made closing remarks on the bill.




BILL: HB16-1330
TIME: 01:57:06 PM
MOVED: Kraft-Tharp
MOTION: Refer House Bill 16-1330 to the Committee of the Whole. The motion passed on a vote of 13-0.
SECONDED: Garnett
VOTE
Arndt
Yes
Garnett
Yes
Navarro
Yes
Nordberg
Yes
Pabon
Yes
Rosenthal
Yes
Roupe
Yes
Sias
Yes
Thurlow
Yes
Winter
Yes
Wist
Yes
Kraft-Tharp
Yes
Williams
Yes
Final YES: 13 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS











01:57 PM -- HB 16-1333



Representative Lee introduced House Bill 16-1333. The bill makes changes to state law regulating partnerships to:

  • limit the applicability of the statute of frauds, which requires certain contracts to be written in order to be enforceable, to partnership agreements formed after the bill's effective date; and
  • specify which of several potentially applicable laws govern limited partnerships.



Representative Lee responded to questions from the committee.



02:03 PM --
Herrick Lidstone, CBA and SMDCC, testified in support of the bill.



02:08 PM



Representative Lee made closing remarks on the bill.


BILL: HB16-1333
TIME: 02:08:23 PM
MOVED: Kraft-Tharp
MOTION: Refer House Bill 16-1333 to the Committee of the Whole. The motion passed on a vote of 12-0.
SECONDED: Winter
VOTE
Arndt
Yes
Garnett
Yes
Navarro
Yes
Nordberg
Yes
Pabon
Excused
Rosenthal
Yes
Roupe
Yes
Sias
Yes
Thurlow
Yes
Winter
Yes
Wist
Yes
Kraft-Tharp
Yes
Williams
Yes
Final YES: 12 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS











02:10 PM -- HB 16-1329



Representative Lee introduced House Bill 16-1329. The bill makes the following changes to state law regulating limited liability companies (LLCs):

  • removes the requirement that a partner's contribution to an LLC is a prerequisite to becoming a member of the company;
  • clarifies that the tax statutes of an LLC does not affect the immunity of a member of the company from liability for the company's acts;
  • limits the applicability of the statutes of frauds, which requires certain contracts to be written to be enforceable, to operating agreements for LLCs; and
  • reconciles the various partnership and LLC acts regarding compensation of a partner for services performed during the windup of the entity's affairs.



Representative Lee responded to questions from the committee.



02:13 PM --
Herrick Lidstone, CBA and SMDCC, testified in support of the bill. Mr. Lidstone responded to questions from the committee.



02:22 PM



Representative Lee made closing remarks on the bill.


BILL: HB16-1329
TIME: 02:23:24 PM
MOVED: Kraft-Tharp
MOTION: Refer House Bill 16-1329 to the Committee of the Whole. The motion passed on a vote of 12-0.
SECONDED: Williams
VOTE
Arndt
Yes
Garnett
Yes
Navarro
Yes
Nordberg
Yes
Pabon
Excused
Rosenthal
Yes
Roupe
Yes
Sias
Yes
Thurlow
Yes
Winter
Yes
Wist
Yes
Kraft-Tharp
Yes
Williams
Yes
Final YES: 12 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS











02:24 PM



The committee took a brief recess.



02:33 PM



The committee reconvened.



02:33 PM -- HB 16-1404



The committee moved on to consideration of House Bill 16-1404 for action only. The committee heard witness testimony on on the bill on April 5, 2016.



The committee discussed potential amendments.



02:39 PM



Representative Duran, Representative Wist, and committee members made closing remarks on the bill.




BILL: HB16-1404
TIME: 02:39:32 PM
MOVED: Kraft-Tharp
MOTION: Refer House Bill 16-1404 to the Committee on Finance. The motion passed on a vote of 9-4.
SECONDED: Pabon
VOTE
Arndt
Yes
Garnett
Yes
Navarro
No
Nordberg
No
Pabon
Yes
Rosenthal
Yes
Roupe
Yes
Sias
No
Thurlow
No
Winter
Yes
Wist
Yes
Kraft-Tharp
Yes
Williams
Yes
Final YES: 9 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: PASS









02:40 PM



The committee adjourned.




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