Bill Text | History of Actions | Amendments | Background | Title |
Description: Business law; revise Business Corporation Act, Limited Liability Company Act and Limited Partnership Act.
Bill Text: [Introduced] [Passed Senate] [Sent to Governor]
| 1 | 02/16/00 | (S) | Referred To Judiciary | |
| 2 | 03/03/00 | (S) | Title Suff Do Pass | |
| 3 | 03/10/00 | (S) | Amended | |
| 4 | 03/10/00 | (S) | Passed As Amended | |
| 5 | 03/15/00 | (S) | Transmitted To House | |
| 6 | 03/16/00 | (H) | Referred To Judiciary A | |
| 7 | 03/31/00 | (H) | Title Suff Do Pass | |
| 8 | 04/05/00 | (H) | Amendment Failed | |
| 9 | 04/05/00 | (H) | Passed | |
| 10 | 04/05/00 | (H) | Motion to Reconsider Entered | |
| 11 | 04/13/00 | (H) | Motion to Reconsider Tabled | |
| 12 | 04/13/00 | (H) | Transmitted To Senate | |
| 13 | 04/14/00 | (S) | Enrolled Bill Signed | |
| 14 | 04/18/00 | (H) | Enrolled Bill Signed | |
| 15 | 04/24/00 | Approved by Governor |
| Adopted | [S] | Amendment No 1 |
| Lost | [H] | Amendment No 1 |
| Effective date | July 1, 2000 | |
| Disposition | Law | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | No | |
| Chapter number | 469 |
Senate Committee:
House Committee:
Principal Author: Carlton
Code Sections: A 079-0004-0001.40, A 079-0004-0006.31, A 079-0004-0010.01, A 079-0004-0010.02, A 079-0004-0010.03, A 079-0004-0010.04, A 079-0004-0010.05, A 079-0004-0010.06, A 079-0004-0010.07, A 079-0004-0010.08, A 079-0004-0010.09, A 079-0004-0010.20, A 079-0004-0010.21, RP 079-0004-0010.22, A 079-0004-0011.01, A 079-0004-0011.02, A 079-0004-0011.03, A 079-0004-0011.04, A 079-0004-0011.05, A 079-0004-0011.06, A 079-0004-0011.07, A 079-0004-0012.01, A 079-0004-0012.02, A 079-0004-0014.02, A 079-0004-0014.03, A 079-0004-0014.04, A 079-0004-0013.01, A 079-0004-0013.02, A 079-0004-0013.03, A 079-0004-0013.20, A 079-0004-0013.21, A 079-0004-0013.22, A 079-0004-0013.23, A 079-0004-0013.24, A 079-0004-0013.25, A 079-0004-0013.26, A 079-0004-0013.30, A 079-0004-0013.31, A 079-0014-0101, A 079-0014-0211, A 079-0029-0103, A 079-0029-0202, A 079-0029-0209, A 079-0012-0007
Title: AN ACT TO AMEND THE MISSISSIPPI BUSINESS CORPORATION ACT; TO AMEND SECTION 79-4-1.40, MISSISSIPPI CODE OF 1972, TO REVISE DEFINITIONS; TO AMEND SECTION 79-4-6.31, MISSISSIPPI CODE OF 1972, TO REVISE THE ACQUISITION OF ITS OWN SHARES BY A CORPORATION; TO AMEND SECTION 79-4-10.01, MISSISSIPPI CODE OF 1972, TO REVISE A CORPORATION'S AUTHORITY TO AMEND ITS ARTICLES OF INCORPORATION; TO AMEND SECTION 79-4-10.02, MISSISSIPPI CODE OF 1972, TO INCORPORATE WITH REVISIONS THE PROVISIONS CONCERNING A CORPORATION'S AUTHORITY TO AMEND ITS ARTICLES OF INCORPORATION BEFORE ISSUANCE OF SHARES, CONTAINED IN SECTION 79-4-10.05, MISSISSIPPI CODE OF 1972; TO AMEND SECTION 79-4-10.03, MISSISSIPPI CODE OF 1972, TO REVISE THE AMENDMENT OF ARTICLES OF INCORPORATION BY BOARDS OF DIRECTORS AND SHAREHOLDERS; TO AMEND SECTION 79-4-10.04, MISSISSIPPI CODE OF 1972, TO REVISE THE VOTING ON AMENDMENTS BY VOTING GROUPS; TO AMEND SECTION 79-4-10.05, MISSISSIPPI CODE OF 1972, TO INCORPORATE WITH REVISIONS THE PROVISIONS CONCERNING AMENDMENT OF THE ARTICLES OF INCORPORATION BY THE BOARD OF DIRECTORS CONTAINED IN SECTION 79-4-10.02, MISSISSIPPI CODE OF 1972; TO AMEND SECTION 79-4-10.06, MISSISSIPPI CODE OF 1972, TO REVISE THE PROVISIONS CONCERNING ARTICLES OF AMENDMENT; TO AMEND SECTION 79-4-10.07, MISSISSIPPI CODE OF 1972, TO REVISE THE PROVISIONS CONCERNING RESTATED ARTICLES OF INCORPORATION; TO AMEND SECTION 79-4-10.08, MISSISSIPPI CODE OF 1972, TO REVISE AMENDMENT OF ARTICLES OF INCORPORATION PURSUANT TO REORGANIZATION; TO AMEND SECTION 79-4-10.09, MISSISSIPPI CODE OF 1972, TO CLARIFY THE EFFECT OF AMENDMENT OF ARTICLES OF INCORPORATION; TO AMEND SECTION 79-4-10.20, MISSISSIPPI CODE OF 1972, TO REVISE AMENDMENT OF BYLAWS BY A BOARD OF DIRECTORS OR SHAREHOLDERS; TO AMEND SECTION 79-4-10.21, MISSISSIPPI CODE OF 1972, TO REVISE THE PROVISIONS CONCERNING A BYLAW INCREASING QUORUM OR VOTING REQUIREMENTS FOR DIRECTORS; TO REPEAL SECTION 79-4-10.22, MISSISSIPPI CODE OF 1972, WHICH PROVIDED FOR A BYLAW INCREASING THE QUORUM OR VOTING REQUIREMENT FOR DIRECTORS; TO AMEND SECTION 79-4-11.01, MISSISSIPPI CODE OF 1972, TO ENACT DEFINITIONS; TO AMEND SECTION 79-4-11.02, MISSISSIPPI CODE OF 1972, TO INCORPORATE WITH REVISIONS THE PROVISIONS CONTAINED IN SECTION 79-4-11.01, MISSISSIPPI CODE OF 1972, CONCERNING MERGER; TO AMEND SECTION 79-4-11.03, MISSISSIPPI CODE OF 1972, TO INCORPORATE WITH REVISIONS THE PROVISIONS OF SECTION 79-4-11.02, MISSISSIPPI CODE OF 1972, CONCERNING SHARE EXCHANGE; TO AMEND SECTION 79-4-11.04, MISSISSIPPI CODE OF 1972, TO INCORPORATE WITH REVISIONS THE PROVISIONS OF SECTION 79-4-11.03, MISSISSIPPI CODE OF 1972, CONCERNING ACTION ON A PLAN OF MERGER OR SHARE EXCHANGE; TO AMEND SECTION 79-4-11.05, MISSISSIPPI CODE OF 1972, TO INCORPORATE WITH REVISIONS THE PROVISIONS OF SECTION 79-4-11.04, MISSISSIPPI CODE OF 1972, CONCERNING MERGER BETWEEN PARENTS AND SUBSIDIARY OR BETWEEN SUBSIDIARIES; TO AMEND SECTION 79-4-11.06, MISSISSIPPI CODE OF 1972, TO INCORPORATE WITH REVISIONS THE PROVISIONS OF SECTION 79-4-11.05, MISSISSIPPI CODE OF 1972, CONCERNING ARTICLES OF MERGER OR SHARE EXCHANGE; TO AMEND SECTION 79-4-11.07, MISSISSIPPI CODE OF 1972, TO INCORPORATE WITH REVISIONS THE PROVISIONS OF SECTION 79-4-11.06 CONCERNING EFFECT OF MERGER OR SHARE EXCHANGE; TO OMIT THE PROVISIONS OF SECTION 79-4-11.07, MISSISSIPPI CODE OF 1972, CONCERNING MERGER OR SHARE EXCHANGE WITH A FOREIGN CORPORATION; TO CODIFY SECTION 79-4-11.08, MISSISSIPPI CODE OF 1972, CONCERNING ABANDONMENT OF A MERGER OR SHARE EXCHANGE; TO AMEND SECTION 79-4-12.01, MISSISSIPPI CODE OF 1972, TO REVISE PROVISIONS CONCERNING THE DISPOSITION OF ASSETS IN REGULAR COURSE OF BUSINESS AND MORTGAGE OF ASSETS NOT REQUIRING SHAREHOLDER APPROVAL; TO AMEND SECTION 79-4-12.02, MISSISSIPPI CODE OF 1972, TO REVISE SHAREHOLDERS' APPROVAL OF CERTAIN DISPOSITIONS; TO AMEND SECTION 79-4-14.02, MISSISSIPPI CODE OF 1972, TO REVISE PROVISIONS CONCERNING DISSOLUTION BY A BOARD OF DIRECTORS AND SHAREHOLDERS; TO AMEND SECTION 79-4-14.03, MISSISSIPPI CODE OF 1972, TO REVISE PROVISIONS CONCERNING ARTICLES OF DISSOLUTION; TO AMEND SECTION 79-4-14.04, MISSISSIPPI CODE OF 1972, TO REVISE PROVISIONS CONCERNING REVOCATION OF DISSOLUTION; TO AMEND SECTION 79-4-13.01, MISSISSIPPI CODE OF 1972, TO REVISE DEFINITIONS; TO AMEND SECTION 79-4-13.02, MISSISSIPPI CODE OF 1972, TO REVISE THE RIGHT TO DISSENT TO APPLY TO THE RIGHT OF APPRAISAL; TO AMEND SECTION 79-4-13.03, MISSISSIPPI CODE OF 1972, TO REVISE THE ASSERTION OF RIGHTS BY NOMINEES AND BENEFICIAL OWNERS; TO AMEND SECTION 79-4-13.20, MISSISSIPPI CODE OF 1972, TO REVISE THE NOTICE OF APPRAISAL RIGHTS; TO AMEND SECTION 79-4-13.21, MISSISSIPPI CODE OF 1972, TO REVISE THE NOTICE OF INTENT TO DEMAND PAYMENT; TO AMEND SECTION 79-4-13.22, MISSISSIPPI CODE OF 1972, TO REVISE THE APPRAISAL NOTICE AND FORM; TO AMEND SECTION 79-4-13.23, MISSISSIPPI CODE OF 1972, TO REVISE THE DUTY TO DEMAND PAYMENT AND PERFECTION OF RIGHTS; TO AMEND SECTION 79-4-13.24, MISSISSIPPI CODE OF 1972, TO OMIT ALL THE LANGUAGE CONCERNING SHARE RESTRICTIONS AND TO INCORPORATE WITH REVISIONS THE PROVISIONS OF SECTION 79-4-13.25, MISSISSIPPI CODE OF 1972, CONCERNING PAYMENT; TO AMEND SECTION 79-4-13.25, MISSISSIPPI CODE OF 1972, TO INCORPORATE WITH REVISIONS THE PROVISIONS OF SECTION 79-4-13.27, MISSISSIPPI CODE OF 1972, CONCERNING AFTER-ACQUIRED SHARES; TO AMEND SECTION 79-4-13.26, MISSISSIPPI CODE OF 1972, BY OMITTING ITS CONTENT ENTIRELY AND TO INCORPORATE WITH REVISIONS THE PROVISIONS OF SECTION 79-4-13.28, MISSISSIPPI CODE OF 1972, CONCERNING PROCEDURE IF SHAREHOLDER IS DISSATISFIED WITH PAYMENT OR OFFER; TO AMEND SECTION 79-4-13.30, MISSISSIPPI CODE OF 1972, TO REVISE THE PROVISIONS CONCERNING COURT ACTION; TO AMEND SECTION 79-4-13.31, MISSISSIPPI CODE OF 1972, TO REVISE COURT COSTS AND COUNSEL FEES; TO AMEND SECTION 79-14-101, MISSISSIPPI CODE OF 1972, TO REVISE DEFINITIONS IN THE MISSISSIPPI LIMITED PARTNERSHIP ACT; TO AMEND SECTION 79-14-211, MISSISSIPPI CODE OF 1972, TO REVISE PROVISIONS CONCERNING MERGERS INVOLVING LIMITED PARTNERSHIPS; TO AMEND SECTION 79-29-103, MISSISSIPPI CODE OF 1972, TO REVISE DEFINITIONS IN THE MISSISSIPPI LIMITED LIABILITY COMPANY ACT; TO AMEND SECTION 79-29-202, MISSISSIPPI CODE OF 1972, TO REVISE REQUIREMENTS CONCERNING A CERTIFICATE OF FORMATION; TO AMEND SECTION 79-29-209, MISSISSIPPI CODE OF 1972, TO REVISE MERGER OF LIMITED LIABILITY COMPANIES; TO CREATE NEW SECTION 79-29-210, MISSISSIPPI CODE OF 1972, TO MAKE PROVISION FOR A LIMITED LIABILITY COMPANY THAT IS A PARTY TO A MERGER; TO CREATE NEW SECTION 79-29-211, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR A CERTIFICATE OF MERGER; TO CREATE NEW SECTION 79-29-212, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR THE EFFECT OF A MERGER; TO CREATE NEW SECTION 79-29-213, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR THE EVENT OF ABANDONMENT OF A MERGER; TO CREATE NEW SECTION 79-29-214, MISSISSIPPI CODE OF 1972, TO SPECIFY APPRAISAL RIGHTS IN A LIMITED LIABILITY COMPANY MERGER; TO CREATE NEW SECTION 79-10-4, MISSISSIPPI CODE OF 1972, TO CLARIFY THE EFFECTIVENESS OF THE UNIFORM PARTNERSHIP ACT; TO AMEND SECTION 79-12-7, MISSISSIPPI CODE OF 1972, TO CLARIFY THE EFFECTIVENESS OF THE UNIFORM PARTNERSHIP ACT; AND FOR RELATED PURPOSES.
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