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February 14, 2000
Mr. Speaker:
The Business, Labor, and Economic Development Committee reports a favorable recommendation on H.B. 114, BUSINESS ENTITY AMENDMENTS, by Representative A. Bradshaw, with the following amendments:
1. Page 4, Line 111: After "(4)" delete "A" and insert "(a) Except as provided in Subsection (4)(b), a"
2. Page 4, Line 113: After line 113 insert:
"(b) If the corporation is reinstated in accordance with this section, business conducted by the corporation during a period of administrative dissolution is unaffected by the dissolution."
3. Page 9, Line 256: Bracket "on" and insert "to"
4. Page 9, Line 259: After "notice" insert "of administrative dissolution"
5. Page 9, Line 260: Delete "and" and insert "or"
6. Page 9, Line 261: After "(ii)" insert "if there is no registered agent of record,"
7. Page 9, Line 264: After "(3)" bracket "A" and insert "(a) Except as provided in Subsection (3)(b), a"
8. Page 9, Line 266: Delete "(a):" and insert "(i)"
9. Page 9, Line 268: Delete "(b)" and insert "(ii)"
10. Page 9, Line 269: After line 269 insert:
"(b) If the corporation is reinstated in accordance with Section 16-10a-1422, business conducted by the corporation during a period of administrative dissolution is unaffected by the dissolution."
11. Page 11, Line 314: After "dissolution" bracket "and" and insert ". Upon reinstatement: (a) an act of the corporation during the period of dissolution is effective and enforceable as if the administrative dissolution had never occurred; and
(b)"
Respectfully,
John William 'Bill' Hickman
Committee Chair
Voting: 11-0-3
3 HB0114.HC1 2/14/00 10:11 AM mcperry/MCP PO/MCP
Bill Number
Action Code
*HB0114*
*HCRAMD*
HB0114
HCRAMD