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.
106 Yeas / 2 Nays | |
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Excused or Not Voting (1) | |
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