SB104 Alabama 2022 Session
Bill Summary
Under existing law, a corporation in the State of Alabama may issue fractions of a share of stock in registered or bearer form. A scrip in bearer form is a certificate representing a fraction of a share of stock that is not registered in the issuing corporation's books
This bill would prohibit a corporation from issuing scrip in bearer form, thereby requiring a corporation to register all issued scrip of fractional stock
This bill would also provide that a corporation that issues or transfers scrip in uncertificated form shall comply with the appropriate notice requirements
Relating to business and nonprofit entities; to amend Section 10A-2A-6.04, Code of Alabama 1975, to revise the requirements for a corporation to issue or transfer fractional stock; and to prohibit a corporation from issuing a certificate representing scrip in bearer form.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 3, 2022 | S | Assigned Act No. 2022-124. |
| March 3, 2022 | S | Enrolled |
| March 3, 2022 | H | Signature Requested |
| March 3, 2022 | S | Passed Second House |
| March 3, 2022 | H | Motion to Read a Third Time and Pass adopted Roll Call 464 |
| March 3, 2022 | H | Third Reading Passed |
| February 16, 2022 | H | Read for the second time and placed on the calendar |
| February 8, 2022 | H | Read for the first time and referred to the House of Representatives committee on Financial Services |
| February 8, 2022 | S | Motion to Read a Third Time and Pass adopted Roll Call 136 |
| February 8, 2022 | S | Third Reading Passed |
| February 2, 2022 | S | Read for the second time and placed on the calendar |
| January 18, 2022 | S | Read for the first time and referred to the Senate committee on Fiscal Responsibility and Economic Development |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | February 16, 2022 | Room 617 at 09:30 | House FS Hearing |
| Hearing | February 2, 2022 | Room 825 - BILL ADDED/TIME CHANGE at 11:30 | Senate FRED Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB104 Alabama 2022 Session - Enrolled |
| Bill Text | SB104 Alabama 2022 Session - Introduced |
| Fiscal Note | Fiscal Note - SB104 for Fiscal Responsibility and Economic Development |
| Fiscal Note | Fiscal Note - SB104 for Financial Services |
| Fiscal Note | Fiscal Note - SB104 for |