NRAI
NRAI Compliance Updates
         
In this Issue
Federal Legislation

Alabama

Colorado

Delaware

Georgia

Hawaii

Illinois

Indiana

Kentucky

Maryland

Mississippi

Missouri

New Jersey

New York

Tennessee

Vermont

Virginia

Washington

Greetings:
This month brings a heavy volume of legislative activity. Two trends are notable in this report, including Bills that appear to be a reaction to the Supreme Court decision in Citizens United v. Federal Election Commission No.08-205. (See Federal Bills HJR 68, HB 4435, HB 4517, HB 4540, and Washington State SJM 8067.) The other trend is a sharp increase in the number of states proposing LC3’s (Low Profit Limited Liability Companies), see CO HB 1111, KY HB 371, MO HB 1890, and NY SB 6726.

Robert K. Rowell
General Counsel

Federal Legislation
HJR 68
Proposing an amendment to the Constitution of the United States prohibiting corporations and labor organizations from using operating funds for advertisements in connection with any campaign for election for Federal office.

Full Text available here.
Current Bill Status: January 21, 2010, referred to the House Committee on the Judiciary.

HB 4435
To amend the Securities Exchange Act of 1934 to prohibit any national securities exchange from effecting any transaction in a security issued by a corporation unless the corporation's registration with the exchange includes a certification that the corporation currently is in compliance with the provisions of the Federal Election Campaign Act of 1971 governing contributions and expenditures by corporations which were in effect with respect to elections held during 2008.

Full Text available here.
Current Bill Status: January 13, 2010, referred to the House Committee on Financial Services.

HB 4517
To amend the Federal Election Campaign Act of 1971 to apply the ban on contributions and expenditures by foreign nationals to domestic corporations which are owned or controlled by foreign principals, to increase the civil penalties applicable to foreign nationals who violate the ban, and for other purposes.

Full Text available here.
Current Bill Status: January 26, 2010, referred to the House Committee on House Administration.

HB 4540
To amend the Federal Election Campaign Act of 1971 to extend the ban on election activity by foreign nationals to election activity by domestic corporations which are subsidiaries of foreign principals.

Full Text available here.
Current Bill Status: January 27, 2010, referred to the House Committee on House Administration.

Alabama
SB 77
Limited partnerships, subject to Uniform Limited Partnership Act, date changed from January 1, 2012 to January 1, 2011, to coincide with the effective date of the new business and nonprofit entities code, Act 2009-621. Under existing law, Act 2009-621, the Alabama Uniform Limited Partnership Act 2010, adopted by the Legislature in the 2009 Regular Session, is effective on January 1, 2010, and governs all limited partnerships formed for the first time after January 1, 2010. Limited partnerships formed before January 1, 2010, may elect to be covered under the 2010 uniform act or under prior law. Under existing law, the 2010 uniform act also provides that after January 1, 2012, it governs all limited partnerships, regardless of when formed. Also under existing law, Act 2009-513, the Alabama Business and Nonprofit Entities Code, revised, recast, and reorganized Title 10 of the Code of Alabama 1975, as Title 10A. The new business and nonprofit entities code governs limited partnerships formed pursuant to the 2010 uniform act. The Alabama Business and Nonprofit Entities Code is effective January 1, 2011. This bill would change the date in which the Alabama Uniform Limited Partnership Act governs all limited partnerships from January 1, 2012 to January 1, 2011, so as to coincide with the effective date of the new business and nonprofit entities code. This bill would also allow any existing limited partnership that elects to be governed by the uniform act to be governed by it effective January 1, 2010, or on a later date in 2010.

Full Text available here.
Current Bill Status: January 14, 2010, referred to Governmental Affairs Committee.


Colorado
HB 1111
The bill allows the formation of low-profit limited liability companies, or "L3Cs", in Colorado, organized with the primary business objective of furthering a charitable or educational purpose but permitted to produce income or capital appreciation as long as the production of income or appreciation of property is not a significant purpose of the company. In addition to filing articles of organization, an L3C would have to register with, file its operating agreement with, and submit an annual financial report to the secretary of state and pay fees in connection with such filings and submissions.

Full Text available here.
Current Bill Status: January 15, 2010, introduced In House - Assigned to State, Veterans, & Military Affairs.


Delaware
HB 314
An Act to Amend Title 18 Relating To Captive Insurance Companies. This legislation amends chapter 69 of title 18 of the Delaware Code by adding two types of captive insurance companies to those that can currently be licensed in Delaware. The two new forms of captive insurance companies are “agency captive insurance companies” and “branch captive insurance companies.” Agency captive insurance companies are reinsurance companies owned by insurance agents or brokers who underwrite and place insurance policies for conventional insurance companies. In an agency captive structure, the insurance risk on some of these policies is reinsured to the agency captive, thereby allowing the agents or brokers that placed the policies to share in the profits or losses attributable to these policies. Branch captive insurance companies are divisions of offshore captives that establish a business unit onshore. Many U.S. based companies have captive insurers organized in offshore jurisdictions such as Bermuda. In recent years, it has become attractive to issue certain coverages through the offshore captive insurers owned by these employers yet have these coverages regulated by an onshore insurance regulator. The solution is to bring an operating division of the captive – the branch – to the onshore jurisdiction and regulate this division in many respects as if it were a standalone entity. By adding agency and branch captive insurance companies to the list of captive insurance companies authorized in Delaware, this legislation will enhance the economic development potential of Delaware’s captive insurance laws.

Full Text available here.
Current Bill Status: January 26, 2010, assigned to Economic Development/Banking/Insurance/Commerce Committee in House.


Georgia
HB 1034
To amend Title 14 of the Official Code of Georgia Annotated, relating to corporations, partnerships, and associations, so as to require the registration with the Secretary of State of the names and addresses of persons having responsibility for managing the business of limited partnerships and limited liability companies; to repeal conflicting laws; and for other purposes.

Full Text available here.
Current Bill Status: February 2, 2010, read in House second time.


Hawaii
HB 2286
Amends the frequency of statutorily required captive insurance company examinations from once every three years to once every five years, unless otherwise required by the Insurance Commissioner. Requires risk retention captive insurance companies to undergo examination within three years of formation. Eliminates reference to a repealed provision on minimum surplus requirements for captive insurance companies. Requires protected cell accounts established by sponsored captive insurance companies to be operated only under the forms of business organizations authorized by the Insurance Commissioner.

Full Text available here.
Current Bill Status: February 2, 2010, reported from CPC (Stand. Com. Rep. No. 409-10), recommending passage on Second Reading and placement on the calendar for Third Reading.

HB 2750
Requiring extensive reporting and evaluation of corporations to promote transparency.

Full Text available here.
Current Bill Status: January 27, 2010, introduced and passed first reading and sent to Committee.


Illinois
SB 2807
Amends the Business Corporation Act of 1983, the General Not For Profit Corporation Act of 1986, and the Limited Liability Company Act. Provides that the registered agent of a business or not-for-profit corporation may be a limited liability company, limited partnership, or limited liability partnership. Provides that the notice of a business or not-for-profit corporation's registered agent must be executed in the manner authorized by the governing statute if the registered agent is a business entity (instead of must be executed by a principal officer if the registered agent is a corporation). Provides that a limited liability company's registered agent may be a person authorized to transact business in this State (instead of a domestic or foreign corporation). Makes other changes. Effective immediately.

Full Text available here.
Current Bill Status: February 10, 2010, assigned to Judiciary Committee.


Indiana
HB 1351
Enacts the Uniform Limited Partnership Act (2001) governing limited partnerships and limited liability limited partnerships. Enacts the Revised Uniform Limited Liability Company Act (2006) governing limited liability companies. Provides for biennial reports for both limited partnerships and limited liability companies instead of annual reports as required in both the Uniform Limited Partnership Act and the Revised Uniform Limited Liability Company Act. Specifies transitional provisions. Repeals the limited partnership statute in current law on July 1, 2011. Repeals the limited liability company statute in current law on July 1, 2011.

Full Text available here.
Current Bill Status: January 13, 2010, referred to Committee on Judiciary.


Kentucky
HB 371
Create a new section of KRS Chapter 275 to allow a limited liability company to be organized and operated as a low-profit limited liability company or a "L3C" if certain charitable or educational criteria are met; amend KRS 275.015, 275.025, and 275.100 to conform.

Full Text available here.
Current Bill Status: February 8, 2010, posted in Judiciary Committee.


Maryland
SB 430
Authorizing the formation of a low-profit limited liability company as a permitted form of unincorporated business organization; requiring the name of a low-profit limited liability company to include specified words or abbreviations; requiring a low-profit limited liability company to meet specified requirements; etc.

Full Text available here.
Current Bill Status: January 29, 2010, First Reading Judicial Proceedings.


Mississippi
HB 683
Limited liability companies; require annual reports and revise fees.

An Act To Create New Section 79-29-215, Mississippi Code Of 1972, To Require Domestic And Foreign Limited Liability Companies To File An Annual Report; To Create New Section 79-29-821, Mississippi Code Of 1972, To Provide For Administrative Dissolution Of A Limited Liability Company Under Certain Circumstances; To Create New Section 79-29-823, Mississippi Code Of 1972, To Specify The Procedure For Administrative Dissolution; To Create New Section 79-29-825, Mississippi Code Of 1972, To Provide For Reinstatement Following Administrative Dissolution; To Create New Section 79-29-827, Mississippi Code Of 1972, To Provide For Appeal From A Denial Of Reinstatement; To Create New Section 79-29-831, Mississippi Code Of 1972, To Specify The Various Effects Of Dissolution; To Create New Section 79-29-1021, Mississippi Code Of 1972, To Provide For Administrative Dissolution Of A Foreign Limited Liability Company; To Create New Section 79-29-1023, Mississippi Code Of 1972, To Specify The Procedure For Administrative Dissolution Of A Foreign Limited Liability Company; To Create New Section 79-29-1025, Mississippi Code Of 1972, To Provide For Reinstatement Of A Foreign Limited Liability Company Following Administrative Dissolution; To Create New Section 79-29-1027, Mississippi Code Of 1972, To Provide For Appeal From A Denial Of Reinstatement Of A Foreign Limited Liability Company; To Amend Section 79-29-1203, Mississippi Code Of 1972, To Revise The Fees Charged In Reference To Certain Filings Under The Limited Liability Company Act; And For Related Purposes.

Full Text available here.
Current Bill Status: February 10, 2010, passed.

HB 714
Limited liability companies; enact certain revisions.

An Act To Create New Section 79-29-215, Mississippi Code Of 1972, To Require Domestic And Foreign Limited Liability Companies To File An Annual Report; To Create New Section 79-29-821, Mississippi Code Of 1972, To Provide For Administrative Dissolution Of A Limited Liability Company Under Certain Circumstances; To Create New Section 79-29-823, Mississippi Code Of 1972, To Specify The Procedure For Administrative Dissolution; To Create New Section 79-29-825, Mississippi Code Of 1972, To Provide For Reinstatement Following Administrative Dissolution; To Create New Section 79-29-827, Mississippi Code Of 1972, To Provide For Appeal From A Denial Of Reinstatement; To Create New Section 79-29-831, Mississippi Code Of 1972, To Specify The Various Effects Of Dissolution; To Create New Section 79-29-1021, Mississippi Code Of 1972, To Provide For Administrative Dissolution Of A Foreign Limited Liability Company; To Create New Section 79-29-1023, Mississippi Code Of 1972, To Specify The Procedure For Administrative Dissolution Of A Foreign Limited Liability Company; To Create New Section 79-29-1025, Mississippi Code Of 1972, To Provide For Reinstatement Of A Foreign Limited Liability Company Following Administrative Dissolution; To Create New Section 79-29-1027, Mississippi Code Of 1972, To Provide For Appeal From A Denial Of Reinstatement Of A Foreign Limited Liability Company; To Amend Section 79-29-1203, Mississippi Code Of 1972, To Revise The Fees Charged In Reference To Certain Filings Under The Limited Liability Company Act; And For Related Purposes.

Full Text available here.
Current Bill Status: February, 2010 passed, died in committee.

HB 1127
An Act To Create The Fictitious Business Name Registration Act; To Create New Section 25-93-1, Mississippi Code Of 1972, To Enact A Short Title; To Create New Section 25-93-3, Mississippi Code Of 1972, To Establish A Centralized Statewide System For Voluntary Registration Of Fictitious Business Names In Order To Provide The Public With The Actual Identities Of Persons Or Entities Doing Business In This State; To Create New Section 25-93-5, Mississippi Code Of 1972, To Enact Definitions; To Create New Section 25-93-7, Mississippi Code Of 1972, To Prescribe Requirements For Registration; To Create New Section 25-93-9, Mississippi Code Of 1972, To Prescribe Requirements For Amendments To Registrations; To Create New Section 25-93-11, Mississippi Code Of 1972, To Prescribe Requirements For The Term And Renewal Of Registrations; To Create New Section 25-93-13, Mississippi Code Of 1972, To Provide That Registration Under The Act Does Not Confer Exclusivity Or Preservation Of Use Of A Name; To Create New Section 25-93-15, Mississippi Code Of 1972, To Prescribe Requirements For Withdrawal Or Cancellation Of Registration; To Create New Section 25-93-17, Mississippi Code Of 1972, To Prescribe Requirements For Registration, Amendments To Registrations, The Term And Renewal Of Registrations, And Withdrawal Or Cancellation Of Registration; To Create New Section 25-93-19, Mississippi Code Of 1972, To Provide For Change Of Ownership; To Create New Section 25-93-21, Mississippi Code Of 1972, To Prescribe Fees Under The Act; To Create New Section 25-93-23, Mississippi Code Of 1972, To Restrict The Use Of The Designation Of Certain Business Forms; To Create New Section 25-93-25, Mississippi Code Of 1972, To Prescribe Limitations On The Adoption Of Certain Fictitious Business Names; To Create New Section 25-93-27, Mississippi Code Of 1972, To Require Public Access To Records Created Under The Act; To Create New Section 25-93-29, Mississippi Code Of 1972, To Prescribe The Powers Of The Secretary Of State Under The Act; To Create New Section 25-93-31, Mississippi Code Of 1972, To Enact Penalties For Fraudulent Filings; And For Related Purposes.

Full Text available here.
Current Bill Status: February 2, 2010, died in committee.

SB 2681
An Act To Create The Mississippi Registered Agents Act; To Create New Section 79-35-1, Mississippi Code Of 1972, To Enact A Short Title; To Create New Section 79-35-2, Mississippi Code Of 1972, To Enact Definitions; To Create New Section 79-35-3, Mississippi Code Of 1972, To Prescribe Fees And Allow The Secretary Of State To Reduce Fees For Electronic Filings Under The Act; To Create New Section 79-35-4, Mississippi Code Of 1972, To Prescribe Standards For Street And Mailing Addresses Used In Registering Under The Act; To Create New Section 79-35-5, Mississippi Code Of 1972, To Provide For The Appointment Of A Registered Agent; To Create New Section 79-35-6, Mississippi Code Of 1972, To Provide For Listing Of A Commercial Registered Agent; To Create New Section 79-35-7, Mississippi Code Of 1972, To Provide For The Termination Of Listing Of A Commercial Registered Agent; To Create New Section 79-35-8, Mississippi Code Of 1972, To Provide For A Change In Registered Agent; To Create New Section 79-35-9, Mississippi Code Of 1972, To Provide For A Change Of Name Or Address By A Noncommercial Registered Agent; To Create New Section 79-35-10, Mississippi Code Of 1972, To Provide For A Change Of Name, Address Or Business Type By A Commercial Registered Agent; To Create New Section 79-35-11, Mississippi Code Of 1972, To Provide For The Resignation Of A Registered Agent; To Create New Section 79-35-12, Mississippi Code Of 1972, To Provide For The Appointment Of An Agent By A Nonfiling Or Nonqualified Foreign Entity; To Create New Section 79-35-13, Mississippi Code Of 1972, To Provide For Service Of Process On Entities And To Specify Procedures When Service Cannot Be Had; To Create New Section 79-35-14, Mississippi Code Of 1972, To Specify The Duties Of A Registered Agent; To Create New Section 79-35-15, Mississippi Code Of 1972, To Provide That The Appointment Of An Agent Does Not Confer Jurisdiction Or Determine Venue; To Create New Section 79-35-16, Mississippi Code Of 1972, To Direct Uniformity With Other States In The Construction Of The Act; To Create New Section 79-35-17, Mississippi Code Of 1972, To Define The Relationship Between This Act And The Electronic Signatures Act; To Create New Section 79-35-18, Mississippi Code Of 1972, To Enact A Savings Clause; To Create New Section 79-35-19, Mississippi Code Of 1972, To Prescribe Penalties For Violation Of The Act; To Amend Sections 79-4-1.20, 79-4-1.22, 79-4-1.25, 79-4-1.26, 79-4-1.41, 79-4-2.02, 79-4-7.03, 79-4-7.04, 79-4-7.20, 79-4-7.48, 79-4-8.09, 79-4-10.05, 79-4-11.07, 79-4-13.30, 79-4-14.07, 79-4-14.08, 79-4-14.20, 79-4-14.21, 79-4-14.22, 79-4-14.23, 79-4-14.31, 79-4-15.03, 79-4-15.04, 79-4-15.10, 79-4-15.20, 79-4-15.30, 79-4-15.31, 79-4-15.32, 79-4-15.33, 79-4-16.04, 79-4-16.05, 79-4-16.22, 79-11-109, 79-11-115, 79-11-117, 79-11-131, 79-11-137, 79-11-201, 79-11-213, 79-11-289, 79-11-299, 79-11-327, 79-11-345, 79-11-347, 79-11-349, 79-11-351, 79-11-353, 79-11-355, 79-11-357, 79-11-367,

Full Text available here.
Current Bill Status: February 11, 2010, motion to Reconsider Entered.

SB 2981
An Act To Create The Revised Mississippi Limited Liability Company Act; To Make Certain General Provisions, Enact Definitions, Place Certain Restrictions Upon Names Allowable For A Limited Liability Company And Provide For Registered Agents For Service; To Provide Default Provisions For Choice Of Law And Other Matters; To Provide For Formation Of A Limited Liability Company And The Certificate Of Formation; To Provide For Annual Reports; To Provide For Merger, Dissolution And Disposal Of Assets; To Make Provisions Concerning Members Of The Limited Liability Company And Voting Rights Of Members; To Provide For The Management Of A Limited Liability Company; To Provide For The Contributions To And Sharing Of Losses And Profits From A Limited Liability Company; To Make Provisions For Distributions By The Limited Liability Company To Its Members; To Provide For The Assignment Of Financial Interests; To Make Certain Provisions In The Event Of Dissolution And Provide For Winding-Up; To Provide For Administrative Dissolution By The Secretary Of State Under Certain Circumstances; To Make Provision And Enact Certain Restrictions For Professional Limited Liability Companies; To Provide For Foreign Limited Liability Companies, Require Registration Thereof, And Provide For Administrative Revocation Of Registration Under Certain Circumstances; To Provide For Derivative Actions; To Enact Rules Of Construction, Impose Certain Fees, And Make Other Miscellaneous Provisions; To Make Transition Provisions; To Repeal Sections 79-29-101 Through 79-29-1204, Mississippi Code Of 1972, Which Comprise The Mississippi Limited Liability Company Act; And For Related Purposes.

Full Text available here.
Current Bill Status: February 11, 2010, died on Calendar.

Missouri
HB 1741/SB 833
Allows corporate board members to consent to certain actions by electronic transmission.

Full Text available here.
Current Bill Status: January 28, 2010, second read and referred S Judiciary and Civil and Criminal Jurisprudence Committee.

HB 1890
Allows for the organization of a low-profit limited liability company or L3C.

Full Text available here.
Current Bill Status: February 2, 2010, read second time in House.


New Jersey
HB 616
Requires foreign corporations providing electronic communication services or remote computing services to comply with New Jersey subpoenas, court orders and search warrants.

Full Text available here.
Current Bill Status: January 12, 2010, introduced in the Senate. Referred to Senate Judiciary Committee.

SB 61/A 746
Authorizes business entities to designate representatives in court proceedings without the necessity for representation by an attorney.

Full Text available here.
Current Bill Status: January 12, 2010 Introduced in the Senate. Referred to Senate Judiciary Committee.

SB 677
An Act establishing a Business Court and supplementing Title 2B of the New Jersey Statutes.

Full Text available here.
Current Bill Status: January 12, 2010, introduced in the Senate. Referred to Senate Judiciary Committee.


New York
SB 6726
Relates to establishing the L3C act regarding low-profit limited liability companies.

Full Text available here.
Current Bill Status: February 1, 2010, referred to Corporations, Authorities And Commissions


Tennessee
HB 3642/SB 3813
As introduced, changes the date a corporation or LLC must submit its annual report to the secretary of state; and revises present law regarding LLCs and LLPs pertaining to the number of members of such an LLC or LLP.

Full Text available here.
Current Bill Status: February 3, 2010 referred to Judiciary Committee.

HB 3643/SB 3817
As introduced, specifies when the secretary of state must file articles of dissolution or revocation of dissolution of a corporation, articles of termination or articles of termination of existence of an LLC, certificate of cancellation of an LP, certificate of cancellation of registration of a foreign LP, or certificate of authority of a foreign corporation or LLC; and revises the way a foreign corporation or LLC may reinstate a certificate of authority that has been administratively revoked.

Full Text available here.
Current Bill Status: February 3, 2010, referred to Judiciary Committee.

HB 3645/SB 3815
As introduced, creates an additional exception to the general rule that the name of a corporation or limited partnership (LP) must be distinguishable upon the records of the secretary of state from the name of another business organization authorized to do business in this state.

Full Text available here.
Current Bill Status: February 3, 2010, referred to Judiciary Committee.

SB 2942/HB 3751
As introduced, requires limited liability companies seeking administrative dissolution to receive a certificate from the department of revenue stating that all compliance with revenue laws of this state have been met prior to the secretary of state granting dissolution.

Full Text available here.
Current Bill Status: January 28, 2010, assigned to Senate Commerce, Labor & Agriculture Committee.


Vermont
HB 724
An Act Relating to Digital Nonprofit Corporations.

Full Text available here.
Current Bill Status: February 2, 2010, read first time and referred to the Committee on Commerce and Economic Development.


Virginia
HB 859
State Corporation Commission; formation of routine entities. Requires the State Corporation Commission (SCC), upon the filing of routine articles of incorporation for a stock or nonstock corporation or articles of organization for a limited liability company, both to determine whether the document complies with the requirements of law and whether all required fees have been paid and, if so, to issue the certification of incorporation, within 48 hours following their receipt.

Full Text available here.
Current Bill status: February 11, 2010, referred to Committee on Appropriations.

HB 917
Business entity fees for veterans. Reduces the fee for filing articles of organization of a domestic limited liability company and the charter fee for a domestic corporation to $25 if each member and manager, or director and shareholder, as applicable, is a veteran. The annual registration fees for such entities are also reduced to $25 for each entity's first two years of existence.

Full Text available here.
Current Bill status: February 4, 2010, tabled in Commerce and Labor by voice vote.

HB 1040
Limited liability companies. Authorizes the State Corporation Commission (SCC) to correct its records to eliminate the effects of clerical errors and filings made by a person without authority to act on behalf of a limited liability company. Similar provisions exist in the Code for stock and nonstock corporations. The measure also authorizes the SCC to assess limited liability companies with its annual registration fee in the month it was organized or qualified to transact business. Currently, all limited liability companies are assessed an annual registration fee on July 1, which is due by October 1, to avoid a penalty. The SCC is required to enter an order by August 1, 2010, regarding the schedule for implementing the change in assessment dates.

Full Text available here.
Current Bill status: February 4, 2010, referred to Committee on Commerce and Labor.

HB 1105
Business entities; registered agents and offices. Provides that a statement of change of a business entity's registered agent, registered office, or both, may be filed electronically with the office of the clerk of the State Corporation Commission. The measure also provides that a registered agent may mail a copy of a statement of change or a statement of resignation to the business entity on or before the business day following the day on which such statement is filed with the clerk's office. Currently, a statement of change or resignation is required to include a statement that it has been mailed to the business entity, which does not accommodate their electronic filing. The measure also eliminates variances in terminology in parallel sections that address changes of registered offices and registered agents of stock and nonstock corporations, limited liability companies, business trusts, limited partnerships, and registered limited liability partnerships.

Full Text available here.
Current Bill status: January 28, 2010, in Senate and Referred to Committee on Commerce and Labor.

SB 400
State Corporation Commission; clerk's fees. Authorizes the State Corporation Commission to establish the amount of the fees to be charged by the clerk of the Commission for furnishing copies of documents, certifying information, and providing access to records in the clerk's office. The fees shall be reasonable and are to be established by order or rule of the Commission. Existing provisions that establish specific fees for furnishing copies of documents, searching records, and affixing the Commission's seal are repealed.

Full Text available here.
Current Bill status: January 22, 2010, read third time and passed Senate.


Washington
HB 3046/SB 6788
Addressing the dissolution of the assets and affairs of a nonprofit corporation.

Full Text available here.
Current Bill status: February 12, 2010, first reading, referred to Judiciary Committee.

SJM 8027
Preventing "Freedom of Speech" from being interpreted to permit corporations to use corporation funds without restriction to influence national and state elections.

Full Text available here.
Current Bill status: February 4, 2010, first reading, referred to Government Operations & Elections.



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