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  1. Bama Politics
  2. Alabama
  3. Alabama House & Senate Bills
  4. 2019 Alabama Legislative Regular Session
  5. 2019 Alabama House Bills
  6. HB 250

HB 250

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Signed by Governor
Contents hide
  • 1 Bill Summary
  • 2 Bill Actions
  • 3 Bill Calendar
  • 4 Bill Text
  • 5 Bill Votes
  • 6 Bill Documents

Bill Summary

Sponsors
  • Bill Poole
Session
Regular Session 2019
Title
Business entities, revising the Alabama Business Corporation Law, to reflect national standards set by the Model Business Corporation Act, Secs. 10A-2A-1.01 to 10A-2A-17.06, inclusive added; Secs. 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, 10A-1-4.02, 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, 10A-1-4.24, 10A-1-4.25, 10A-1-4.26, 10A-1-4.31, 10A-1-5.01, 10A-1-5.08, 10A-1-6.01, 10A-1-6.02, 10A-1-7.01, 10A-1-7.04, 10A-1-7.11, 10A-1-7.21, 10A-1-7.31, 10A-1-8.01, 10A-1-8.02, 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, 10A-5A-10.07, 10A-5A-10.08, 10A-8A-9.02, 10A-8A-9.04, 10A-8A-9.05, 10A-8A-9.06, 10A-8A-9.08, 10A-8A-9.09, 10A-9A-10.02, 10A-9A-10.04, 10A-9A-10.05, 10A-9A-10.06, 10A-9A-10.08, 10A-9A-10.09, 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10A-30-2.05, 10A-30-2.06, 10A-30-2.09, 10A-30-2.12, 10A-30-2.13, am'd; Secs. 10A-2-1.01 to 10A-2-17.02, inclusive, repealed
Description

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.

Subjects
Business and Commerce

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 Calendar

Type Date Location Description
Hearing April 17, 2019 Committee Room 325 at 08:30 Senate JUDY Hearing
Hearing April 3, 2019 PLEASE NOTE: ROOM CHANGE ROOM 617 at 13:30 House JUDY Hearing

Bill Text

Download HB 250 PDF

Bill Votes

Motion to Read a Third Time and Pass
2019-04-23
Chamber: Senate
Result: Passed
Motion to Read a Third Time and Pass
2019-04-04
Chamber: House
Result: Passed

Bill Documents

Type Link
Bill Text HB 250 - Enrolled
Bill Text HB 250 - Introduced
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