HB282 | LIMITS VOTE OF SHAREHOLDERS REQUIREMENT TO CERTAIN MERGERS. |
Sponsor: | Clayton, Robert (10) | Effective Date:00/00/0000 | |||
CoSponsor: | LR Number:0810-01 | ||||
Last Action: | 07/09/1999 - Approved by Governor (G) | ||||
07/09/1999 - Delivered to Secretary of State | |||||
HB282 | |||||
Next Hearing: | Hearing not scheduled | ||||
Calendar: | Bill currently not on calendar | ||||
ACTIONS | HEARINGS | CALENDAR |
BILL SUMMARIES | BILL TEXT | FISCAL NOTES |
HOUSE HOME PAGE | BILL SEARCH | |
HB 282 -- CORPORATE MERGER This bill clarifies that a vote of shareholders is not required for a holding company reorganization under Section 351.448, RSMo, unless the corporation's articles of incorporation expressly require a vote with a specific reference to the section.
HB 282 -- CORPORATE MERGER (Clayton) This bill clarifies that a vote of shareholders is not required for a holding company reorganization under Section 351.448 unless the corporation's articles of incorporation expressly require a vote with a specific reference to the section. FISCAL NOTE: No impact on state funds.
HB 282 -- CORPORATE MERGER SPONSOR: Clayton COMMITTEE ACTION: Voted "do pass by consent" by the Committee on Judiciary by a vote of 17 to 0. This bill clarifies that a vote of shareholders is not required for a holding company reorganization under Section 351.448 unless the corporation's articles of incorporation expressly require a vote with a specific reference to the section. FISCAL NOTE: No impact on state funds. PROPONENTS: Supporters say that this bill is necessary to make a minor clarification to the statute authorizing a merger between a domestic corporation and its wholly owned subsidiary without a shareholder vote. Testifying for the bill were Representative Clayton; and Leggett and Platt, Inc. OPPONENTS: There was no opposition voiced to the committee. Katharine Hickel Barondeau, Legislative Analyst
HB 282 -- Corporate Merger Sponsor: Clayton This bill clarifies that a vote of shareholders is not required for a holding company reorganization under Section 351.448 unless the corporation's articles of incorporation expressly require a vote with a specific reference to the section.
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Last Updated September 30, 1999 at 1:24 pm