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h_bus_2016a_2016-03-03t13:30:42z1 Hearing Summary

Date: 03/03/2016



Final

BILL SUMMARY for HB16-1270



HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR


Votes: View--> Action Taken:
Adopt amendment L.001 (Attachment G). The motion p

Refer House Bill 16-1270, as amended, to the Commi
Pass Without Objection

PASS







03:10 PM



The committee took a brief recess.



03:22 PM



The committee reconvened.



03:22 PM -- HB 16-1270



Representative Lee, sponsor, introduced House Bill 16-1270. The bill effectuates the "pick your partner" principle by allowing small businesses to control their ownership under the Colorado Corporation and Associations Act and the Uniform Commercial Code.



Representative Lee responded to questions from the committee.



03:32 PM --
Arthur Travers, Colorado Bar Association, testified in support of the bill.



03:34 PM --
John McCabe, Colorado Bar Association, testified in support of the bill.



03:35 PM



Mr. Travers and Mr. McCabe responded to questions from the committee.


BILL: HB16-1270
TIME: 03:37:21 PM
MOVED: Kraft-Tharp
MOTION: Adopt amendment L.001 (Attachment G). The motion passed without objection.
SECONDED: Pabon
VOTE
Arndt
Garnett
Navarro
Nordberg
Pabon
Rosenthal
Roupe
Sias
Thurlow
Winter
Wist
Kraft-Tharp
Williams
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection



160303 AttachG.pdf160303 AttachG.pdf



03:39 PM



Representative Lee made closing remarks on the bill.


BILL: HB16-1270
TIME: 03:39:18 PM
MOVED: Kraft-Tharp
MOTION: Refer House Bill 16-1270, as amended, 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










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