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PUBLIC
BILL SUMMARY For SB22-045

SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY
Date Feb 9, 2022       Location SCR 352

SB22-045 - Referred to the Committee of the Whole


01:44:58 PM  
The committee recessed and came back to order. Senator Lee introduced Senate Bill 22-045, concerning public benefit corporations.  The bill modifies certain provisions of the Public Benefit Corporation Act, including requirements for conversion to or from a public benefit corporation and clarifications of director duties.
01:53:50 PM  
Herrick Lidstone, representing the Colorado Bar Association, testified in support of the bill.
02:07:40 PM  
Mr. Lidstone responded to questions from the committee.
02:13:08 PM  
Senator Lee made closing comments on the merits of the bill.

02:14:25 PM
Motion Refer Senate Bill 22-045 to the Committee of the Whole.
Moved Coleman
Seconded
Kolker Yes
Liston Yes
Woodward No
Coleman Yes
Rodriguez Yes
Final YES: 4   NO: 1   EXC: 0   ABS:  0   FINAL ACTION:  PASS