H_BUS_2016A 04/07/2016 01:40:09 PM Committee Summary
Final
STAFF SUMMARY OF MEETING
HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR
| Date: | 04/07/2016 |
ATTENDANCE
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| Time: | 01:40 PM to 02:40 PM |
Arndt
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X
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Garnett
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X
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| Place: | LSB A |
Navarro
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X
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|
Nordberg
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X
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||
| This Meeting was called to order by |
Pabon
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*
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| Representative Williams |
Rosenthal
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X
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Roupe
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X
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| This Report was prepared by |
Sias
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X
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| Luisa Altmann |
Thurlow
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X
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Winter
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X
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|
Wist
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X
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Kraft-Tharp
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X
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|
Williams
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X
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X = Present, E = Excused, A = Absent, * = Present after roll call
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| Bills Addressed: | Action Taken: | ||
| HB16-1330 HB16-1333 HB16-1329 HB16-1404 |
Referred to the Committee of the Whole Referred to the Committee of the Whole Referred to the Committee of the Whole Referred to Finance |
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01:40 PM -- HB 16-1330
Representative Lee introduced House Bill 16-1330. The bill allows a person to file a statement of correction with the Secretary of State if a document previously filed was delivered to the Secretary of State for filing in error.
Representative Lee responded to questions from the committee.
01:47 PM -- Herrick Lidstone, Colorado Bar Association (CBA) and representing the South Metro Denver Chamber of Commerce (SMDCC), testified in support of the bill. Mr. Lidstone responded to questions from the committee.
01:54 PM -- Tim Griesmer, Department of State and representing the Secretary of State's Office, testified in support of the bill. Mr. Griesmer responded to questions from the committee.
01:56 PM
Representative Lee made closing remarks on the bill.
| BILL: | HB16-1330 | |
| TIME: | 01:57:06 PM | |
| MOVED: | Kraft-Tharp | |
| MOTION: | Refer House Bill 16-1330 to the Committee of the Whole. The motion passed on a vote of 13-0. | |
| SECONDED: | Garnett | |
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VOTE
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Arndt
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Yes
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Garnett
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Yes
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Navarro
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Yes
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Nordberg
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Yes
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Pabon
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Yes
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|
Rosenthal
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Yes
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Roupe
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Yes
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|
Sias
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Yes
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|
Thurlow
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Yes
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|
Winter
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Yes
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|
Wist
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Yes
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Kraft-Tharp
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Yes
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Williams
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Yes
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Final YES: 13 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS
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01:57 PM -- HB 16-1333
Representative Lee introduced House Bill 16-1333. The bill makes changes to state law regulating partnerships to:
- limit the applicability of the statute of frauds, which requires certain contracts to be written in order to be enforceable, to partnership agreements formed after the bill's effective date; and
- specify which of several potentially applicable laws govern limited partnerships.
Representative Lee responded to questions from the committee.
02:03 PM -- Herrick Lidstone, CBA and SMDCC, testified in support of the bill.
02:08 PM
Representative Lee made closing remarks on the bill.
| BILL: | HB16-1333 | |
| TIME: | 02:08:23 PM | |
| MOVED: | Kraft-Tharp | |
| MOTION: | Refer House Bill 16-1333 to the Committee of the Whole. The motion passed on a vote of 12-0. | |
| SECONDED: | Winter | |
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VOTE
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Arndt
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Yes
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Garnett
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Yes
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Navarro
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Yes
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Nordberg
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Yes
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Pabon
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Excused
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Rosenthal
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Yes
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Roupe
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Yes
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Sias
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Yes
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Thurlow
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Yes
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Winter
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Yes
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Wist
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Yes
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Kraft-Tharp
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Yes
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Williams
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Yes
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Final YES: 12 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS
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02:10 PM -- HB 16-1329
Representative Lee introduced House Bill 16-1329. The bill makes the following changes to state law regulating limited liability companies (LLCs):
- removes the requirement that a partner's contribution to an LLC is a prerequisite to becoming a member of the company;
- clarifies that the tax statutes of an LLC does not affect the immunity of a member of the company from liability for the company's acts;
- limits the applicability of the statutes of frauds, which requires certain contracts to be written to be enforceable, to operating agreements for LLCs; and
- reconciles the various partnership and LLC acts regarding compensation of a partner for services performed during the windup of the entity's affairs.
Representative Lee responded to questions from the committee.
02:13 PM -- Herrick Lidstone, CBA and SMDCC, testified in support of the bill. Mr. Lidstone responded to questions from the committee.
02:22 PM
Representative Lee made closing remarks on the bill.
| BILL: | HB16-1329 | |
| TIME: | 02:23:24 PM | |
| MOVED: | Kraft-Tharp | |
| MOTION: | Refer House Bill 16-1329 to the Committee of the Whole. The motion passed on a vote of 12-0. | |
| SECONDED: | Williams | |
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VOTE
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|
Arndt
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Yes
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Garnett
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Yes
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Navarro
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Yes
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Nordberg
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Yes
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Pabon
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Excused
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Rosenthal
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Yes
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Roupe
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Yes
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Sias
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Yes
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Thurlow
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Yes
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|
Winter
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Yes
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Wist
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Yes
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Kraft-Tharp
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Yes
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Williams
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Yes
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Final YES: 12 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS
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02:24 PM
The committee took a brief recess.
02:33 PM
The committee reconvened.
02:33 PM -- HB 16-1404
The committee moved on to consideration of House Bill 16-1404 for action only. The committee heard witness testimony on on the bill on April 5, 2016.
The committee discussed potential amendments.
02:39 PM
Representative Duran, Representative Wist, and committee members made closing remarks on the bill.
| BILL: | HB16-1404 | |
| TIME: | 02:39:32 PM | |
| MOVED: | Kraft-Tharp | |
| MOTION: | Refer House Bill 16-1404 to the Committee on Finance. The motion passed on a vote of 9-4. | |
| SECONDED: | Pabon | |
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VOTE
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|
Arndt
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Yes
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Garnett
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Yes
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Navarro
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No
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Nordberg
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No
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Pabon
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Yes
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|
Rosenthal
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Yes
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Roupe
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Yes
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Sias
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No
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Thurlow
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No
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Winter
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Yes
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Wist
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Yes
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Kraft-Tharp
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Yes
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Williams
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Yes
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Final YES: 9 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: PASS
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02:40 PM
The committee adjourned.