Motion to Read a Third Time and Pass Roll Call 136
Yes
26
Absent
9
SB104 Alabama 2022 Session
Updated May 9, 2022
SB104 Alabama 2022 Session
Senate Bill
Enacted
Current Status
Regular Session 2022
Session
2
Sponsors
Summary
- Primary Sponsor
-
Sam Givhan SenatorRepublican - Co-Sponsor
- Rodger Smitherman
- Session
- Regular Session 2022
- Title
- Corporations, stock, issuance in fractional shores reg., issuance of scrip in bearer form prohibited, Sec. 10A-2A-6.04 am'd.
- Description
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.
- Subjects
- Corporations
Bill Actions
S
Assigned Act No. 2022-124.
S
Enrolled
H
Signature Requested
S
Passed Second House
H
Motion to Read a Third Time and Pass adopted Roll Call 464
H
Third Reading Passed
H
Read for the second time and placed on the calendar
H
Read for the first time and referred to the House of Representatives committee on Financial Services
S
Motion to Read a Third Time and Pass adopted Roll Call 136
S
Third Reading Passed
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
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Votes
SBIR: Givhan motion to Adopt Roll Call 135
Yes
26
Absent
9
HBIR: Wadsworth motion to Adopt Roll Call 463
Yes
102
Absent
1
Motion to Read a Third Time and Pass Roll Call 464
Yes
103
Documents
Bill Text (Enrolled)
SB104 Alabama 2022 Session - Enrolled
Bill Text (Introduced)
SB104 Alabama 2022 Session - Introduced
Source: Alabama Legislature