Reference is to Printer's Date 6/3/15-H.
Amend the bill, as and if amended, Section 41-27-265(A)(1), as contained in SECTION 1, by deleting the item in its entirety and inserting:
/ (1) Solely for purposes of this
title section, 'corporate officer'
shall mean services performed by a person
appointed or otherwise serving as an officer for a corporation
pursuant to Article 4, Chapter 8, Title 33, a person who owns
twenty-five percent or more of the shares of a corporation, or a
person who otherwise exercises an ownership interest in a
corporation. Solely for the purposes of this title, services
performed by a corporate officer shall not
be considered services in employment. However,
unless a corporation may elect elects
not to cover not less than all of its
corporate officers under subsection (B) item
(2). If an employer does not elect
elects not to cover its corporate officers under
subsection (B) item 2, the employer must
notify its corporate officers in writing that they are
ineligible for unemployment benefits. However, if the employer
fails to provide notice, the individual's status as a corporate
officer is unchanged and the person remains ineligible for
unemployment benefits. /
Renumber sections to conform.
Amend title to conform.