CLICS/CLICS2020A/commsumm.nsf
PUBLIC
BILL SUMMARY For HB20-1013
SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY
Date Feb 26, 2020
Location SCR 354
HB20-1013 - Referred to the Committee of the Whole - Consent Calendar
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01:35:41 PM |
The committee took a recess.
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01:35:54 PM |
The committee came back to order. Senator Lee introduced House Bill 20-1013, concerning procedures to ratify defective corporate actions. The bill creates a statutory procedure for the ratification or validation of corporate actions that may not have been properly authorized and for shares that may not have been properly issued.
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01:41:44 PM |
Herrick Lidstone, Colorado Bar Association, spoke in favor of the bill. He responded to questions from the committee.
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01:53:32 PM |
Senator Lee made closing comments on the merits of the bill.
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01:54:53 PM
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Motion |
Refer House Bill 20-1013 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. |
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| Moved |
Danielson |
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| Seconded |
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Priola |
Yes |
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Story |
Yes |
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Tate |
Yes |
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Danielson |
Yes |
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Williams A. |
Yes |
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Final |
YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS |
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