HB250 Alabama 2019 Session
Bill Summary
This bill would make changes to the Alabama Business and Nonprofit Entity Code by revising the Alabama Business Corporation Law to reflect the national standards set by the Model Business Corporation Act of 2016 and the Delaware General Corporation Law, and would make conforming changes throughout the Alabama Business and Nonprofit Entity Code in order to effectuate the changes to the Alabama Business Corporation Law and conform with the other entities governed by the Alabama Business and Nonprofit Entity Code.
Relating to business entities; to add Chapter 2A to Title 10A, consisting of Sections 10A-2A-1.01 to 10A-2A-17.06, inclusive, to the Code of Alabama 1975, substantially revising the Alabama Business Corporation Law to reflect the national standards set by the Model Business Corporation Act of 2016 and the Delaware General Corporation Law; to amend Sections 10A-1-1.02, 10A-1-1.03, 10A-1-1.08, 10A-1-1.12, 10A-1-3.05, 10A-1-3.06, 10A-1-3.32, 10A-1-3.42, 10A-1-4.01, and 10A-1-4.02, Code of Alabama 1975, as amended by Act 2018-125; to amend Sections 10A-1-4.04, 10A-1-4.06, 10A-1-4.11, 10A-1-4.13, 10A-1-4.15, 10A-1-4.21, 10A-1-4.23, and 10A-1-4.24, Code of Alabama 1975; to amend Section 10A-1-4.25, Code of Alabama 1975, as amended by Act 2018-125; to amend Section 10A-1-4.26, Code of Alabama 1975; to amend Sections 10A-1-4.31, 10A-1-5.01, and 10A-1-5.08, Code of Alabama 1975, as amended by Act 2018-125; to amend Section 10A-1-6.01, Code of Alabama 1975; to amend Sections 10A-1-6.02, 10A-1-7.01, 10A-1-7.04, and 10A-1-7.11, Code of Alabama 1975, as amended by Act 2018-125; to amend Section 10A-1-7.21, Code of Alabama 1975; to amend Sections 10A-1-7.31, 10A-1-8.01, and 10A-1-8.02, Code of Alabama 1975, as amended by Act 2018-125; to amend Sections 10A-1-8.04, 10A-1-9.01, 10A-4-2.02, 10A-4-4.01, 10A-4-4.02, 10A-4-5.01, 10A-4-5.04, 10A-5A-10.01, 10A-5A-10.03, 10A-5A-10.04, 10A-5A-10.05, and 10A-5A-10.07, Code of Alabama 1975; to amend Section 10A-5A-10.08, Code of Alabama 1975, as amended by Act 2018-125; to amend Sections 10A-8A-9.02, 10A-8A-9.04, 10A-8A-9.05, 10A-8A-9.06, 10A-8A-9.08, and 10A-8A-9.09, as added to the Code of Alabama 1975 by Act 2018-125; to amend Sections 10A-9A-10.02, 10A-9A-10.04, 10A-9A-10.05, 10A-9A-10.06, and 10A-9A-10.08, Code of Alabama 1975; to amend Section 10A-9A-10.09, Code of Alabama 1975, as amended by Act 2018-125; to amend Sections 10A-10-1.09, 10A-10-1.12, 10A-10-1.15, 10A-10-1.16, 10A-11-1.01, 10A-11-1.03, 10A-11-1.04, 10A-11-1.06, 10A-11-1.12, 10A-30-2.01, 10A-30-2.03, 10A-30-2.04, 10A-30-2.05, 10A-30-2.06, 10A-30-2.09, 10A-30-2.12, and 10A-30-2.13, Code of Alabama 1975, to make conforming changes throughout the Alabama Business and Nonprofit Entity Code in order to effectuate the changes to the Alabama Business Corporation Law and conform with the other entities governed by the Alabama Business and Nonprofit Entity Code; and to repeal Chapter 2 of Title 10, consisting of Sections 10A-2-1.01 to 10A-2-17.02, inclusive, Code of Alabama 1975.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 25, 2019 | H | Delivered to Governor at 10:16 a.m. on April 25, 2019. |
| April 25, 2019 | H | Assigned Act No. 2019-94. |
| April 25, 2019 | H | Clerk of the House Certification |
| April 25, 2019 | S | Signature Requested |
| April 23, 2019 | H | Enrolled |
| April 23, 2019 | H | Passed Second House |
| April 23, 2019 | S | Motion to Read a Third Time and Pass adopted Roll Call 359 |
| April 23, 2019 | S | Third Reading Passed |
| April 18, 2019 | S | Read for the second time and placed on the calendar |
| April 4, 2019 | S | Read for the first time and referred to the Senate committee on Judiciary |
| April 4, 2019 | H | Motion to Read a Third Time and Pass adopted Roll Call 124 |
| April 4, 2019 | H | Third Reading Passed |
| April 3, 2019 | H | Read for the second time and placed on the calendar |
| March 20, 2019 | H | Read for the first time and referred to the House of Representatives committee on Judiciary |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB250 Alabama 2019 Session - Enrolled |
| Bill Text | HB250 Alabama 2019 Session - Introduced |
Source: Alabama Legislature