CS/CS/SB 1198 -  Corporate Actions

General Bill by Rules and Commerce and Tourism and Martin
Corporate Actions: Providing that a defective corporate action is not void or voidable in certain circumstances; requiring the board of directors to take certain action to ratify a defective corporate action; providing quorum and voting requirements for the ratification of certain defective corporate actions; requiring that notice be given to shareholders of certain corporate action taken by the board of directors; providing that notice is not required for holders of certain shares whose identities or addresses for notice cannot be determined, etc.
Effective Date: 07/01/2024
Last Event: 03/05/24 S Ordered enrolled on Tuesday, March 5, 2024 12:56 PM

Referred Committees and Committee Actions

Senate Referrals

  • Commerce and Tourism
    • On agenda for: 01/23/24 1:00 PM
    • Favorable With Committee Substitute (final action) Votes: Yeas 5   Nays 0
  • Rules
    • On agenda for: 02/08/24 8:30 AM
    • Favorable With Committee Substitute (final action) Votes: Yeas 20   Nays 0

Related Bills

Bill # Subject Relationship
Bill #: CS/HB 1189 Subject: Corporate Actions Relationship: Similar

Bill Text

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Rules 2/8/2024 5:54:41 PM
Chamber: Senate Committee: Rules 2/7/2024 7:59:12 AM
Chamber: Senate Committee: Commerce and Tourism 1/24/2024 11:21:54 AM
Chamber: Senate Committee: Commerce and Tourism 1/22/2024 1:25:38 PM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: Senate Date: 02/14/2024 03:45 PM   Yeas: 39 Nays: 0 Action: Action 2: Vote Detail: Vote [Seq# 16] Barcode:
Chamber: House Date: 03/05/2024 12:32 PM   Yeas: 114 Nays: 0 Action: Action 2: Passage Vote Detail: Vote [Seq# 865] Barcode:

Bill History

Event Time Member Committee Ver.
Event: S Ordered enrolled Time: 03/05/2024 - 12:56 PM Member: Committee: Version: c2
Event: H Message sent to senate Time: 03/05/2024 - 12:52 PM Member: Committee: Version: c2
Event: H CS passed; YEAS 114, NAYS 0 Time: 03/05/2024 - 12:32 PM Member: Committee: Version: c2
Event: H Read 3rd time Time: 03/05/2024 - 12:31 PM Member: Committee: Version: c2
Event: H Added to Third Reading Calendar Time: 03/04/2024 - 3:32 PM Member: Committee: Version: c2
Event: H Placed on 3rd reading Time: 03/04/2024 - 2:06 PM Member: Committee: Version: c2
Event: H Read 2nd time Time: 03/04/2024 - 2:06 PM Member: Committee: Version: c2
Event: H 1st Reading Time: 03/01/2024 - 9:20 PM Member: Committee: Version: c2
Event: H Bill added to Special Order Calendar (3/4/2024) Time: 03/01/2024 - 6:29 PM Member: Committee: Version: c2
Event: H Bill referred to House Calendar Time: 03/01/2024 - 6:07 PM Member: Committee: Version: c2
Event: H In Messages Time: 02/14/2024 - 4:34 PM Member: Committee: Version: c2
Event: S Immediately certified -SJ 391 Time: 02/14/2024 - 4:08 PM Member: Committee: Version: c2
Event: S CS passed; YEAS 39 NAYS 0 -SJ 390 Time: 02/14/2024 - 3:45 PM Member: Committee: Version: c2
Event: S Read 3rd time -SJ 390 Time: 02/14/2024 - 3:45 PM Member: Committee: Version: c2
Event: S Read 2nd time -SJ 390 Time: 02/14/2024 - 3:43 PM Member: Committee: Version: c2
Event: S CS/CS by Rules read 1st time Time: 02/13/2024 - 4:06 PM Member: Committee: Rules Version: c2
Event: S Placed on Special Order Calendar, 02/14/24 Time: 02/09/2024 - 12:51 PM Member: Committee: Version: c2
Event: S Placed on Calendar, on 2nd reading Time: 02/09/2024 - 12:47 PM Member: Committee: Version: c2
Event: S Pending reference review -under Rule 4.7(2) - (Committee Substitute) Time: 02/09/2024 - 8:08 AM Member: Committee: Rules Version: c1
Event: S CS/CS by- Rules; YEAS 20 NAYS 0 Time: 02/08/2024 - 11:05 AM Member: Committee: Rules Version: c1
Event: S On Committee agenda-- Rules, 02/08/24, 8:30 am, 412 Knott Building Time: 02/05/2024 - 2:41 PM Member: Committee: Rules Version: c1
Event: S Now in Rules Time: 01/25/2024 - 10:48 AM Member: Committee: Rules Version: c1
Event: S CS by Commerce and Tourism read 1st time Time: 01/24/2024 - 5:08 PM Member: Committee: Commerce and Tourism Version: c1
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute) Time: 01/24/2024 - 12:14 PM Member: Committee: Commerce and Tourism Version: __
Event: S CS by Commerce and Tourism; YEAS 5 NAYS 0 Time: 01/23/2024 - 3:34 PM Member: Committee: Commerce and Tourism Version: __
Event: S On Committee agenda-- Commerce and Tourism, 01/23/24, 1:00 pm, 110 Senate Building Time: 01/18/2024 - 2:36 PM Member: Committee: Commerce and Tourism Version: __
Event: S Introduced Time: 01/09/2024 - 9:37 AM Member: Committee: Version: __
Event: S Referred to Commerce and Tourism; Rules Time: 01/08/2024 - 4:34 PM Member: Committee: Commerce and Tourism Version: __
Event: S Filed Time: 01/03/2024 - 9:36 AM Member: Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
39.8298 CS/CS/HB 185*, CS/HB 1189, CS/CS/CS/SB 1224*
252.71 CS/HB 1189
288.012 SB 74, CS/CS/SB 734, CS/CS/HB 735, CS/HB 1189, HB 7029
605.0113 CS/HB 1189
605.0115 CS/HB 1189
605.0207 CS/HB 1189
605.0213 CS/HB 1189
607.0122 CS/HB 1189
607.0145 CS/HB 1189
607.0146 CS/HB 1189
607.0147 CS/HB 1189
607.0148 CS/HB 1189
607.0149 CS/HB 1189
607.0150
607.0151 CS/HB 1189
607.0152 CS/HB 1189
607.0501 CS/HB 1189
607.0503 CS/HB 1189
607.193 CS/HB 1189
617.0122 CS/HB 1189
617.0501 CS/HB 1189
617.0502 CS/HB 1189
617.0503 CS/HB 1189
617.1807 CS/HB 1189
617.2006 CS/HB 1189
658.23 CS/HB 1189

(*) Not the latest version