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Session 115 - (2003-2004)Printer Friendly
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H 4166 General Bill, By Harrell, Bowers and McLeod
Summary: Corporation may convert to a nonprofit public benefit corporation or a nonprofit mutual benefit corporation
A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 33-10-110 SO AS TO AUTHORIZE A CORPORATION, BY AMENDMENT OF ITS ARTICLES OF INCORPORATION, TO CONVERT TO A NONPROFIT PUBLIC BENEFIT CORPORATION OR A NONPROFIT MUTUAL BENEFIT CORPORATION, TO PROVIDE FOR THE EFFECTIVE DATE OF THE CONVERSION, THE REQUIREMENTS FOR THE AMENDMENTS TO THE ARTICLES, AND THE VOTING REQUIREMENT FOR ANY SHAREHOLDERS; AND TO AMEND SECTION 33-31-401, RELATING TO THE NAME OF A NONPROFIT CORPORATION, SO AS TO PROVIDE THAT A CORPORATION THAT CONVERTS TO NONPROFIT MAY CONTINUE TO USE ITS ORIGINAL NAME.
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Summary: Corporation may convert to a nonprofit public benefit corporation or a nonprofit mutual benefit corporation
A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 33-10-110 SO AS TO AUTHORIZE A CORPORATION, BY AMENDMENT OF ITS ARTICLES OF INCORPORATION, TO CONVERT TO A NONPROFIT PUBLIC BENEFIT CORPORATION OR A NONPROFIT MUTUAL BENEFIT CORPORATION, TO PROVIDE FOR THE EFFECTIVE DATE OF THE CONVERSION, THE REQUIREMENTS FOR THE AMENDMENTS TO THE ARTICLES, AND THE VOTING REQUIREMENT FOR ANY SHAREHOLDERS; AND TO AMEND SECTION 33-31-401, RELATING TO THE NAME OF A NONPROFIT CORPORATION, SO AS TO PROVIDE THAT A CORPORATION THAT CONVERTS TO NONPROFIT MAY CONTINUE TO USE ITS ORIGINAL NAME.
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05/06/03 | House | Introduced and read first time HJ-32 |
05/06/03 | House | Referred to Committee on Judiciary HJ-32 |
05/15/03 | House | Member(s) request name added as sponsor: Bowers, McLeod |
05/28/03 | House | Committee report: Favorable Judiciary HJ-4 |
05/29/03 | House | Read second time HJ-12 |
05/29/03 | House | Unanimous consent for third reading on next legislative day HJ-14 |
05/29/03 | Scrivener's error corrected | |
05/30/03 | House | Read third time and sent to Senate HJ-2 |
06/03/03 | Senate | Introduced and read first time SJ-38 |
06/03/03 | Senate | Referred to Committee on Judiciary SJ-38 |
06/04/03 | Senate | Recalled from Committee on Judiciary SJ-14 |
06/04/03 | Senate | Read second time SJ-14 |
06/04/03 | Senate | Ordered to third reading with notice of amendments SJ-14 |
01/13/04 | Senate | Recommitted to Committee on Judiciary SJ-58 |