2012
Regular Session
Model Business Corporation Act; revise.
AN ACT TO AMEND SECTION 79-4-1.22, MISSISSIPPI CODE OF 1972, AS AMENDED BY HOUSE BILL NO. 1162, 2012 REGULAR SESSION, TO CLARIFY FEES CHARGED AND COLLECTED BY THE SECRETARY OF STATE UNDER THE BUSINESS CORPORATION ACT; TO AMEND SECTION 79-4-1.25, MISSISSIPPI CODE OF 1972, AS AMENDED BY HOUSE BILL NO. 1162, 2012 REGULAR SESSION, TO REVISE THE TIME IN WHICH THE SECRETARY OF STATE MUST DELIVER NOTICE OF A REFUSAL TO FILE A DOCUMENT; TO AMEND SECTION 79-4-1.29, MISSISSIPPI CODE OF 1972, TO REVISE THE FINE FOR KNOWINGLY SIGNING A FALSE DOCUMENT; TO AMEND SECTION 79-4-1.40, MISSISSIPPI CODE OF 1972, TO REVISE DEFINITIONS; TO AMEND SECTION 79-4-1.41, MISSISSIPPI CODE OF 1972, AS AMENDED BY HOUSE BILL NO. 1162, 2012 REGULAR SESSION, TO REVISE FORMS OF NOTICE CONSIDERED SUFFICIENT UNDER THE ACT; TO AMEND SECTION 79-4-4.01, MISSISSIPPI CODE OF 1972, AS AMENDED BY HOUSE BILL NO. 1162, 2012 REGULAR SESSION, TO REVISE REQUIREMENTS PERTAINING TO CORPORATION NAMES; TO AMEND SECTION 79-4-4.02, MISSISSIPPI CODE OF 1972, TO REVISE RESERVATION OF A CORPORATE NAME; TO AMEND SECTION 79-4-6.20, MISSISSIPPI CODE OF 1972, TO MAKE A TECHNICAL REVISION TO THE PROVISION DEALING WITH SUBSCRIPTION OF SHARES; TO AMEND SECTION 79-4-7.04, MISSISSIPPI CODE OF 1972, AS AMENDED BY HOUSE BILL NO. 1162, 2012 REGULAR SESSION, TO REVISE THE ELECTRONIC TRANSMISSION OF CONSENT TO AN ACTION; TO AMEND SECTION 79-4-7.05, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR REMOTE PARTICIPATION; TO CREATE SECTION 79-4-7.09, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR ELECTRONIC SHAREHOLDER MEETINGS; TO AMEND SECTION 79-4-7.22, MISSISSIPPI CODE OF 1972, TO ALLOW ELECTRONIC APPOINTMENT OF A PROXY; TO AMEND SECTION 79-4-7.42, MISSISSIPPI CODE OF 1972, TO CLARIFY THE DATE OF DELIVERY OF A WRITTEN DEMAND; TO AMEND SECTION 79-4-8.01, MISSISSIPPI CODE OF 1972, TO CLARIFY THE EXERCISE OF POWER BY THE BOARD OF DIRECTORS; TO AMEND SECTION 79-4-8.05, MISSISSIPPI CODE OF 1972, TO CLARIFY THE EXPIRATION OF TERMS OF THE BOARD OF DIRECTORS; TO AMEND SECTION 79-4-8.06, MISSISSIPPI CODE OF 1972, TO CLARIFY THE STAGGERING OF TERMS OF THE BOARD OF DIRECTORS; TO AMEND SECTION 79-4-8.07, MISSISSIPPI CODE OF 1972, TO CLARIFY THE RESIGNATION OF DIRECTORS; TO AMEND SECTION 79-4-8.10, MISSISSIPPI CODE OF 1972, TO CLARIFY THE FILLING OF VACANCIES ON THE BOARD OF DIRECTORS; TO AMEND SECTION 79-4-8.24, MISSISSIPPI CODE OF 1972, TO CLARIFY THE PRESUMPTION OF ASSENT TO CORPORATE ACTIONS; TO CREATE SECTION 79-4-8.26, MISSISSIPPI CODE OF 1972, TO CLARIFY THE SUBMISSION OF A MATTER TO THE SHAREHOLDERS FOR A VOTE WHEN THE ACTION IS NOT RECOMMENDED BY THE BOARD; TO AMEND SECTION 79-4-8.31, MISSISSIPPI CODE OF 1972, TO REVISE THE POTENTIAL LIABILITY OF A DIRECTOR; TO AMEND SECTION 79-4-8.50, MISSISSIPPI CODE OF 1972, TO REVISE DEFINITIONS; TO AMEND SECTION 79-4-8.53, MISSISSIPPI CODE OF 1972, TO CLARIFY PAYMENT OF EXPENSES OF LITIGATION; TO AMEND SECTION 79-4-8.58, MISSISSIPPI CODE OF 1972, TO RESTRICT IMPAIRMENT OF ANY EXISTING RIGHT OF INDEMNIFICATION OR RIGHT TO ADVANCES FOR EXPENSES BY THE SUBSEQUENT AMENDMENT OF CORPORATE ARTICLES OR BYLAWS; TO AMEND SECTION 79-4-8.60, MISSISSIPPI CODE OF 1972, TO REVISE DEFINITIONS; TO AMEND SECTION 79-4-11.01, MISSISSIPPI CODE OF 1972, TO REVISE DEFINITIONS; TO AMEND SECTIONS 79-4-11.02, 79-4-11.03 AND 79-4-11.04, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE NEW DEFINITIONS OF "INTERESTS," "ELIGIBLE INTERESTS" AND "MEMBERSHIP"; TO AMEND SECTION 79-4-11.06, MISSISSIPPI CODE OF 1972, TO CLARIFY FILING OF ARTICLES OF INCORPORATION; TO AMEND SECTION 79-4-11.07, MISSISSIPPI CODE OF 1972, AS AMENDED BY HOUSE BILL NO. 1162, 2012 REGULAR SESSION, TO CONFORM TO THE NEW DEFINITIONS OF "INTERESTS," "ELIGIBLE INTERESTS" AND "MEMBERSHIP"; TO AMEND SECTION 79-4-11.08, MISSISSIPPI CODE OF 1972, TO CLARIFY ABANDONMENT OF A PLAN OF MERGER OR SHARE EXCHANGE; TO AMEND SECTION 79-4-13.20, MISSISSIPPI CODE OF 1972, TO CLARIFY CERTAIN NOTICES TO SHAREHOLDERS; TO AMEND SECTION 79-4-13.21, MISSISSIPPI CODE OF 1972, TO CLARIFY ASSENT TO AN ACTION TO ASSERT APPRAISAL RIGHTS; TO AMEND SECTION 79-4-13.22, MISSISSIPPI CODE OF 1972, TO REVISE THE FORM OF NOTICE OF AN ACTION REQUIRING APPRAISAL RIGHTS; TO AMEND SECTION 79-4-14.21, MISSISSIPPI CODE OF 1972, AS AMENDED BY HOUSE BILL NO. 1162, 2012 REGULAR SESSION, TO REVISE NOTICE OF DISSOLUTION; TO AMEND SECTION 79-4-14.22, MISSISSIPPI CODE OF 1972, AS AMENDED BY HOUSE BILL NO. 1162, 2012 REGULAR SESSION, TO REVISE REINSTATEMENT; TO AMEND SECTION 79-4-15.01, MISSISSIPPI CODE OF 1972, TO REVISE THE ACTIVITIES REQUIRING CERTIFICATE; TO AMEND SECTION 79-4-15.02, MISSISSIPPI CODE OF 1972, TO CLARIFY THE TRANSACTION OF BUSINESS WITHOUT AUTHORITY; TO AMEND SECTION 79-4-15.06, MISSISSIPPI CODE OF 1972, TO REVISE THE REQUIREMENTS THAT APPLY TO A CORPORATE NAME; TO AMEND SECTION 79-4-15.31, MISSISSIPPI CODE OF 1972, TO REVISE REVOCATION OF A FOREIGN CORPORATION'S CERTIFICATE OF AUTHORITY; TO AMEND SECTION 79-4-15.32, MISSISSIPPI CODE OF 1972, AS AMENDED BY HOUSE BILL NO. 1162, 2012 REGULAR SESSION, TO CLARIFY THE CONTINUATION IN BUSINESS OF A FOREIGN CORPORATION THAT IS REINSTATED AFTER ADMINISTRATIVE DISSOLUTION; TO AMEND SECTION 79-4-16.01, MISSISSIPPI CODE OF 1972, TO CLARIFY REQUIRED RECORD KEEPING; TO AMEND SECTION 79-4-16.02, MISSISSIPPI CODE OF 1972, TO CLARIFY A SHAREHOLDER'S RIGHT OF INSPECTION; TO AMEND SECTION 79-4-16.06, MISSISSIPPI CODE OF 1972, TO CLARIFY NOTICE TO SHAREHOLDERS; TO AMEND SECTION 79-4-16.20, MISSISSIPPI CODE OF 1972, TO CLARIFY THE ANNUAL FINANCIAL STATEMENT REQUIREMENT; TO CREATE SECTION 79-4-17.05, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR THE RELATION OF THE ACT TO THE FEDERAL ELECTRONIC SIGNATURES ACT; TO REPEAL SECTION 79-4-16.21, MISSISSIPPI CODE OF 1972, DEALING WITH THE REPORTING OF THE INDEMNIFICATION OF OR EXPENSE ADVANCES TO A DIRECTOR AND CERTAIN SHARE ISSUES BY THE CORPORATION; AND FOR RELATED PURPOSES.
06/12/12 at 10:48
H
B
789
House Bill 789
HB 789
H
Law
General Bill/Constitutional Amendment
No
Three/Fifths
January 1, 2013
481
Judiciary A
F
../../House_cmtes/JA.xml
Judiciary, Division A
F
../../Senate_cmtes/JA.xml
Cockerham
../../House_authors/Cockerham.xml
A
../../code_sections/079/00040001_22.xml
A
../../code_sections/079/00040001_25.xml
A
../../code_sections/079/00040001_29.xml
A
../../code_sections/079/00040001_40.xml
A
../../code_sections/079/00040001_41.xml
A
../../code_sections/079/00040004_01.xml
A
../../code_sections/079/00040004_02.xml
A
../../code_sections/079/00040006_20.xml
A
../../code_sections/079/00040007_04.xml
A
../../code_sections/079/00040007_05.xml
A
../../code_sections/079/00040007_22.xml
A
../../code_sections/079/00040007_42.xml
A
../../code_sections/079/00040008_01.xml
A
../../code_sections/079/00040008_05.xml
A
../../code_sections/079/00040008_06.xml
A
../../code_sections/079/00040008_07.xml
A
../../code_sections/079/00040008_10.xml
A
../../code_sections/079/00040008_24.xml
A
../../code_sections/079/00040008_31.xml
A
../../code_sections/079/00040008_50.xml
A
../../code_sections/079/00040008_53.xml
A
../../code_sections/079/00040008_58.xml
A
../../code_sections/079/00040008_60.xml
A
../../code_sections/079/00040011_01.xml
A
../../code_sections/079/00040011_02.xml
A
../../code_sections/079/00040011_03.xml
A
../../code_sections/079/00040011_04.xml
A
../../code_sections/079/00040011_06.xml
A
../../code_sections/079/00040011_07.xml
A
../../code_sections/079/00040011_08.xml
A
../../code_sections/079/00040013_20.xml
A
../../code_sections/079/00040013_21.xml
A
../../code_sections/079/00040013_22.xml
A
../../code_sections/079/00040014_21.xml
A
../../code_sections/079/00040014_22.xml
A
../../code_sections/079/00040015_01.xml
A
../../code_sections/079/00040015_02.xml
A
../../code_sections/079/00040015_06.xml
A
../../code_sections/079/00040015_31.xml
A
../../code_sections/079/00040015_32.xml
A
../../code_sections/079/00040016_01.xml
A
../../code_sections/079/00040016_02.xml
A
../../code_sections/079/00040016_06.xml
A
../../code_sections/079/00040016_20.xml
RP
../../code_sections/079/00040016_21.xml
1
02/20 (H) Referred To Judiciary A
2
02/22 (H) Title Suff Do Pass
3
03/07 (H) Passed
../../../../2012/pdf/votes/house/0650013.pdf
4
03/08 (H) Transmitted To Senate
5
03/15 (S) Referred To Judiciary, Division A
6
03/27 (S) Title Suff Do Pass
7
04/09 (S) Amended
8
04/09 (S) Passed As Amended
../../../../2012/pdf/votes/senate/0980013.pdf
9
04/10 (S) Returned For Concurrence
10
04/11 (H) Concurred in Amend From Senate
../../../../2012/pdf/votes/house/1000004.pdf
11
04/18 (H) Enrolled Bill Signed
12
04/18 (S) Enrolled Bill Signed
13
04/24 Approved by Governor
../../../../documents/2012/pdf/HB/0700-0799/HB0789SG.pdf
../../../../documents/2012/html/HB/0700-0799/HB0789SG.htm
../../../../documents/2012/pdf/HB/0700-0799/HB0789IN.pdf
../../../../documents/2012/html/HB/0700-0799/HB0789IN.htm
../../../../documents/2012/pdf/HB/0700-0799/HB0789PS.pdf
../../../../documents/2012/html/HB/0700-0799/HB0789PS.htm
../../../../documents/2012/pdf/HB/0700-0799/HB0789SG.pdf
../../../../documents/2012/html/HB/0700-0799/HB0789SG.htm
Amendment Report for House Bill No. 789
../../../../documents/2012/pdf/sam/Amendment_Report_for_HB0789.pdf
../../../../../documents/2012/html/sam/Amendment_Report_for_HB0789.htm
Amendment No 1
Adopted
../../../../documents/2012/pdf/sam/HB0789_S_Amend_01.pdf
../../../../../documents/2012/html/sam/HB0789_S_Amend_01.htm
Voice Vote