Introduced
by
To revise details of when shares of a corporation are considered to be “beneficially owned” for purposes of exercising the voting rights associated with those shares. The bill's effect would be to reduce the ability of a minority shareholder to raise barriers to a merger, conversion, consolidation, transfer of assets to another owner, etc.
Referred to the Committee on Banking and Financial Institutions
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 35 to 1 (details)
Referred to the Committee on Commerce
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Passed in the House 106 to 2 (details)
To revise details of when shares of a corporation are considered to be “beneficially owned” for purposes of exercising the voting rights associated with those shares. The bill's effect would be to reduce the ability of a minority shareholder to raise barriers to a merger, conversion, consolidation, transfer of assets to another owner, etc.
Passed in the Senate 34 to 1 (details)
