Introduced
by
To require charitable purpose corporations to have at least three members of their board, and prohibit these entitites from granting or guaranteeing loans to an officer or director, with certain narrow exceptions. The bill would also allow and establish procedures for these entities to use electronic communications for various notices and filings; allow board and shareholder meetings to take place via remote communications; and revise the dissolution procedures.
Referred to the Committee on Commerce
Reported without amendment
With the recommendation that the substitute (H-4) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the House 106 to 0 (details)
Referred to the Committee on Economic Development and Regulatory Reform
Reported without amendment
With the recommendation that the bill pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the Senate 37 to 0 (details)
To require charitable purpose corporations to have at least three members of their board, and prohibit these entitites from granting or guaranteeing loans to an officer or director, with certain narrow exceptions. The bill would also allow and establish procedures for these entities to use electronic communications for various notices and filings; allow board and shareholder meetings to take place via remote communications; and revise the dissolution procedures.
Passed in the House 101 to 0 (details)
To concur with the Senate-passed version of the bill.
