AB 239
Revises provisions relating to business entities. (BDR 7-669)
Take action
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill makes several revisions to the laws governing business entities, including private corporations and limited-liability companies. It clarifies that materials included with notices and communications are considered part of those communications. The bill also addresses specific actions like reverse stock splits, fiduciary duties, and voting agreements, and introduces changes to how articles of incorporation are amended and how limited liability companies are managed. Notably, it establishes a new process for corporations to reorganize through the formation of holding corporations and revises procedures for mergers, dissolutions, and the rights of stockholders to dissent from corporate actions.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.