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EC8AA01F413B00728725851A00712082 Hearing Summary




PUBLIC
BILL SUMMARY For HB20-1013

SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY
Date Feb 26, 2020      
Location SCR 354



HB20-1013 - Referred to the Committee of the Whole - Consent Calendar


01:35:41 PM  

The committee took a recess.

01:35:54 PM  

The committee came back to order. Senator Lee introduced House Bill 20-1013, concerning procedures to ratify defective corporate actions. The bill creates a statutory procedure for the ratification or validation of corporate actions that may not have been properly authorized and for shares that may not have been properly issued.

01:41:44 PM  

Herrick Lidstone, Colorado Bar Association, spoke in favor of the bill. He responded to questions from the committee.

01:53:32 PM  

Senator Lee made closing comments on the merits of the bill.



01:54:53 PM
Motion Refer House Bill 20-1013 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar.
Moved Danielson
Seconded
Priola Yes
Story Yes
Tate Yes
Danielson Yes
Williams A. Yes
Final YES: 5   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS






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