Bill Text | History of Actions | Amendments | Background | Title |
Description: Mississippi Business Corporation Act; revise.
Bill Text: [Introduced] [Committee Substitute] [Passed Senate] [Sent to Governor]
| 1 | 01/15 (S) Referred To Finance | |
| 2 | 01/23 (S) Title Suff Do Pass Comm Sub | |
| 3 | 02/01 (S) Committee Substitute Adopted | |
| 4 | 02/01 (S) Amended | |
| 5 | 02/01 (S) Passed As Amended | |
| 6 | 02/06 (S) Transmitted To House | |
| 7 | 02/07 (H) Referred To Judiciary A | |
| 8 | 02/27 (H) Title Suff Do Pass | |
| 9 | 03/01 (H) Tabled Subject To Call | |
| 10 | 03/06 (H) Passed | |
| 11 | 03/07 (H) Transmitted To Senate | |
| 12 | 03/08 (H) Enrolled Bill Signed | |
| 13 | 03/08 (S) Enrolled Bill Signed | |
| 14 | 03/14 Approved by Governor |
| Adopted | [S] | Amendment No 1 |
| Effective date | July 1, 2001 | |
| Disposition | Law | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority | |
| Chapter number | 435 |
Senate Committee:
House Committee:
Principal Author: Ross
Code Sections: A 079-0004-0006.01, A 079-0004-0006.02, A 079-0004-0006.24, A 079-0004-0006.40, A 079-0004-0007.28, A 079-0004-0008.01, A 079-0004-0008.03, A 079-0004-0008.06, A 079-0004-0008.21, A 079-0004-0008.25, A 079-0004-0008.33, A 079-0004-0008.40, A 079-0004-0008.43, A 079-0004-0013.02, A 079-0004-0014.03, A 079-0004-0014.06, A 079-0004-0014.07, A 079-0004-0016.03
Title: AN ACT TO REVISE THE MISSISSIPPI BUSINESS CORPORATION ACT; TO AMEND SECTION 79-4-6.01, MISSISSIPPI CODE OF 1972, TO REVISE THE DESIGNATION OF AUTHORIZED SHARES; TO AMEND SECTION 79-4-6.02, MISSISSIPPI CODE OF 1972, TO REVISE THE WAY IN WHICH TERMS OF A CLASS OR SERIES OF A CLASS OF SHARES IS DESIGNATED; TO AMEND SECTION 79-4-6.24, MISSISSIPPI CODE OF 1972, TO REVISE THE WAY IN WHICH SHARE OPTIONS ARE ISSUED; TO AMEND SECTION 79-4-6.40, MISSISSIPPI CODE OF 1972, TO REVISE THE DISTRIBUTION TO SHAREHOLDERS; TO AMEND SECTION 79-4-7.28, MISSISSIPPI CODE OF 1972, TO REQUIRE SPECIFIC AUTHORIZATION FOR CUMULATIVE VOTING FROM AND AFTER JULY 1, 2002; TO AMEND SECTION 79-4-8.01, MISSISSIPPI CODE OF 1972, TO REVISE THE EXERCISE OF CORPORATE POWERS; TO AMEND SECTION 79-4-8.03, MISSISSIPPI CODE OF 1972, TO REVISE THE NUMBER AND ELECTION OF DIRECTORS; TO AMEND SECTION 79-4-8.06, MISSISSIPPI CODE OF 1972, TO REVISE THE WAY IN WHICH THE TERMS OF DIRECTORS ARE STAGGERED; TO AMEND SECTION 79-4-8.21, MISSISSIPPI CODE OF 1972, TO REVISE THE WAY IN WHICH ACTION CAN BE TAKEN WITHOUT MEETING; TO AMEND SECTION 79-4-8.25, MISSISSIPPI CODE OF 1972, TO REVISE THE CREATION OF COMMITTEES OF THE BOARD OF DIRECTORS; TO AMEND SECTION 79-4-8.33, MISSISSIPPI CODE OF 1972, TO REVISE THE LIABILITY FOR UNLAWFUL DISTRIBUTIONS; TO AMEND SECTION 79-4-8.40, MISSISSIPPI CODE OF 1972, TO REVISE THE REQUIRED OFFICERS; TO AMEND SECTION 79-4-8.43, MISSISSIPPI CODE OF 1972, TO REVISE THE RESIGNATION AND REMOVAL OF OFFICERS; TO AMEND SECTION 79-4-13.02, MISSISSIPPI CODE OF 1972, TO REVISE APPRAISAL RIGHTS; TO AMEND SECTION 79-4-14.03, MISSISSIPPI CODE OF 1972, TO REVISE REQUIREMENTS FOR THE ARTICLES OF DISSOLUTION; TO AMEND SECTION 79-4-14.06, MISSISSIPPI CODE OF 1972, TO REVISE NOTIFICATION TO KNOWN CLAIMANTS AGAINST A DISSOLVED CORPORATION; TO AMEND SECTION 79-4-14.07, MISSISSIPPI CODE OF 1972, TO REVISE NOTICE TO UNKNOWN CLAIMANTS AGAINST A DISSOLVED CORPORATION; TO CODIFY SECTIONS 79-4-14.08 AND 79-4-14.09, MISSISSIPPI CODE OF 1972, TO REVISE COURT PROCEEDINGS AND DIRECTOR DUTIES; TO AMEND SECTION 79-4-16.03, MISSISSIPPI CODE OF 1972, TO REVISE THE SCOPE OF THE INSPECTION RIGHT; TO CODIFY SECTIONS 79-4-16.05 AND 79-4-16.06, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR THE INSPECTION OF RECORDS BY DIRECTORS AND FOR EXCEPTION TO THE NOTICE REQUIREMENT; AND FOR RELATED PURPOSES.
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