Mississippi Legislature

2000 Regular Session

Senate Bill 2805

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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]

History of Actions:

102/16/00(S)Referred To Judiciary
203/03/00(S)Title Suff Do Pass
303/10/00(S)Amended
403/10/00(S)Passed As Amended
503/15/00(S)Transmitted To House
603/16/00(H)Referred To Judiciary A
703/31/00(H)Title Suff Do Pass
804/05/00(H)Amendment Failed
904/05/00(H)Passed
1004/05/00(H)Motion to Reconsider Entered
1104/13/00(H)Motion to Reconsider Tabled
1204/13/00(H)Transmitted To Senate
1304/14/00(S)Enrolled Bill Signed
1404/18/00(H)Enrolled Bill Signed
1504/24/00Approved by Governor

Amendments:

Adopted [S] Amendment No 1
Lost [H] Amendment No 1

Background Information:

Effective dateJuly 1, 2000
DispositionLaw
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
3/5ths vote requiredNo
Chapter number469

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.


Information pertaining to this measure was last updated on 04/24/00 at 00:01.



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