S_BLT_2016A 04/26/2016 Committee Summary
Final
STAFF SUMMARY OF MEETING
SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY
| Date: | 04/26/2016 |
ATTENDANCE
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| Time: | 11:52 AM to 11:58 AM |
Baumgardner
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X
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Heath
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X
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| Place: | SCR 354 |
Hodge
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*
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Jahn
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E
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| This Meeting was called to order by |
Neville T.
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X
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| Senator Holbert |
Newell
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X
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Tate
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*
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| This Report was prepared by |
Woods
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X
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| Jeanette Chapman |
Holbert
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X
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X = Present, E = Excused, A = Absent, * = Present after roll call
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| Bills Addressed: | Action Taken: | ||
| HB16-1329 HB16-1330 HB16-1333 |
Referred to the Committee of the Whole - Consent Calendar Referred to the Committee of the Whole - Consent Calendar Referred to the Committee of the Whole - Consent Calendar |
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11:53 AM -- HB 16-1329
Senator Heath and Senator Scheffel introduced House Bill 16-1329, concerning limited liability companies. The bill makes the following changes to state law regulating limited liability companies:
- removes the requirement that a partner's contribution to an LLC is a prerequisite to becoming a member of that company;
- clarifies that the tax status 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 statute of frauds, which requires certain contracts to be written to be enforceable, to operating agreements for LLCs; and
- reconciles the various partnerships and LLC acts regarding compensation of a partner for services performed during the windup of the entity's affairs.
| BILL: | HB16-1329 | |
| TIME: | 11:54:39 AM | |
| MOVED: | Heath | |
| MOTION: | Refer House Bill 16-1329 to the Committee of the Whole with a recommendation that it be placed on the consent calendar. The motion passed on a vote of 7-0. | |
| SECONDED: | ||
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VOTE
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Baumgardner
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Yes
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Heath
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Yes
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Hodge
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Excused
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Jahn
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Excused
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Neville T.
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Yes
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Newell
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Yes
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Tate
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Yes
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Woods
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Yes
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Holbert
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Yes
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Final YES: 7 NO: 0 EXC: 2 ABS: 0 FINAL ACTION: PASS
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11:55 AM -- HB 16-1330
Senator Heath and Senator Scheffel introduced House Bill 16-1330, concerning correction of statements to the Secretary of State's office. Under current law, an entity may file a statement of correction with the Secretary of State's Office to revoke a previously filed document under certain conditions. This bill allows statements of correction to also be filed for a document that was delivered and filed in error.
| BILL: | HB16-1330 | |
| TIME: | 11:56:08 AM | |
| MOVED: | Heath | |
| MOTION: | Refer House Bill 16-1330 to the Committee of the Whole with a recommendation that it be placed on the consent calendar. The motion passed on a vote of 7 - 0. | |
| SECONDED: | ||
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VOTE
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Baumgardner
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Yes
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Heath
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Yes
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Hodge
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Excused
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Jahn
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Excused
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Neville T.
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Yes
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Newell
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Yes
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Tate
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Yes
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Woods
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Yes
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Holbert
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Yes
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Final YES: 7 NO: 0 EXC: 2 ABS: 0 FINAL ACTION:
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11:57 AM -- HB 16-1333
Senator Heath and Senator Scheffel introduced House Bill 16-1333, concerning the partnerships statute. The bill changes 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.
BILL: HB16-1333 TIME: 11:57:50 AM MOVED: Heath MOTION: Refer House Bill 16-1333 to the Committee of the Whole with a recommendation that it be placed on the consent calendar. The motion passed on a vote of 8-0. SECONDED: VOTEBaumgardnerYesHeathYesHodgeYesJahnExcusedNeville T.YesNewellYesTateYesWoodsYesHolbertYesFinal YES: 8 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS
11:58 AM
The committee adjourned.