Prohibit Corporation Issuing Scrip In Bearer Form
Summary
In conformance with federal law, the act repeals the allowance for a corporation to issue a scrip in bearer form upon the holder surrendering enough scrip to equal a full share. APPROVED by Governor June 7, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (Note: This summary applies to this bill as enacted.)
Bill status
signed
all 5 stages cleared
Introduction
Apr 2023
Committee Review
May 2023
House Passage
Apr 2023
Senate Passage
May 2023
Signed into Law
Jun 2023
Introduced Apr 19, 2023
Signed Jun 7, 2023
Floor votes · Senate May 4, 2023 · House Apr 26, 2023
How they voted
29–0
Passed
Total votes 29
May 4, 2023
D
Democratic20
100% Yea
R
Republican9
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
12
Key actions
5
Committee
2
Jun 7, 2023
Signed into law
Governor Signed
executive
May 4, 2023
Upper · Passed
Senate Third Reading Passed - No Amendments
upper
May 2, 2023
Upper · Passed
Senate Committee on Business, Labor, & Technology Refer - Consent Calendar to Senate Committee of the Whole
upper
Apr 26, 2023
Introduced
Introduced In Senate - Assigned to Business, Labor, & Technology
upper
Apr 26, 2023
Lower · Passed
House Third Reading Passed - No Amendments
lower
Apr 24, 2023
Lower · Passed
House Committee on Finance Refer Unamended to House Committee of the Whole
lower
Apr 19, 2023
Introduced
Introduced In House - Assigned to Finance
lower
3 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Byron Pelton
RRepublican
P
EE
Elisabeth Epps
DDemocratic
P
Rick Taggart
RRepublican
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