H 5276 General Bill, By Elliott and Hyde
Similar (S 1090)
Summary: Nonprofit corporation
    A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SUBARTICLE B TO ARTICLE 11, CHAPTER 31, TITLE 33 SO AS TO PROVIDE FOR THE CONVERSION OF A NONPROFIT CORPORATION TO A LIMITED LIABILITY COMPANY; TO DESIGNATE THE EXISTING SECTIONS OF ARTICLE 11, CHAPTER 31, TITLE 33 AS SUBARTICLE A, ENTITLED "MERGERS, GENERALLY"; TO AMEND SECTION 33-11-101, RELATING TO MERGERS, SO AS TO PROVIDE THAT A CORPORATION MAY CONVERT TO A LIMITED LIABILITY CORPORATION; TO AMEND SECTION 33-31-1101, RELATING TO THE APPROVAL OF A PLAN OF MERGER, SO AS TO PROVIDE FOR THE APPROVAL OF A MERGER PLAN FOR A SOUTH CAROLINA NONPROFIT CORPORATION; AND TO AMEND SECTION 33-31-1102, RELATING TO THE LIMITATIONS ON MERGERS BY PUBLIC BENEFITS OR RELIGIOUS CORPORATIONS, SO AS TO MAKE CONFORMING CHANGES.
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02/25/20	House	Introduced and read first time (House Journal-page 14)
02/25/20	House	Referred to Committee on Judiciary (House Journal-page 14)