SB427 Alabama 2019 Session
Updated Apr 26, 2021
Summary
- Primary Sponsor
Cam WardRepublican- Session
- Regular Session 2019
- Title
- Business entity law, authorizing the creation of benefit corporations, Secs. 10A-12-1.01, 10A-12-1.02, 10A-12-1.03, 10A-12-2.01, 10A-12-2.02, 10A-12-2.03, 10A-12-3.01, 10A-12-3.02, 10A-12-3.03, 10A-12-4.01, 10A-12-4.02, 10A-12-5.01 added; Sec. 10A-1-1.08 am'd.
- Description
This bill would add to Alabama's entity laws the ability to create benefit corporations and benefit limited liability companies, and would provide for the governance of these benefit entities.
The bill would also extend certain business incentives to benefit entities.
- Subjects
- Business Entities
Bill Actions
S
Pending third reading on day 25 Favorable from Fiscal Responsibility and Economic Development
S
Read for the second time and placed on the calendar
S
Read for the first time and referred to the Senate committee on Fiscal Responsibility and Economic Development
Bill Text
Documents
Source: Alabama Legislature