HB 498 Repeals a provision requiring corporate paid-in surplus distributions to be identified as liquidating dividends

     Handler: Sifton

Current Bill Summary

- Prepared by Senate Research -

SCS/HB 498 - Currently, the distribution of paid-in surplus to corporate shareholders is required to be identified as a liquidating dividend and the amount per share is required to be disclosed to the receiving shareholders when it is paid. This act repeals this provision.

This act is identical to the perfected version of SB 142 (2013).

CHRIS HOGERTY

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