SB 978 Allows certain corporations to waive rights to judicial dissolution
Sponsor: Schmitt
LR Number: 6280S.01I Fiscal Note available
Committee: Judiciary and Civil and Criminal Jurisprudence
Last Action: 3/26/2014 - Second Read and Referred S Judiciary and Civil and Criminal Jurisprudence Committee Journal Page: S623
Title: Calendar Position:
Effective Date: August 28, 2014

Full Bill Text | All Actions | Amendments/CCRs/CCSs | Available Summaries | Senate Home Page | List of 2014 Senate Bills

Current Bill Summary

SB 978 - Current law provides a judicial means by which a corporation having only two shareholders with a 50% interest may be dissolved when such stockholders are unable to agree to continue doing business. This act allows such shareholders to agree, in writing, to waive their right to proceed by such judicial means under the statute.