HB 250 -- CORPORATIONS

This bill clarifies that the ruling board of a not-for-profit
corporation may be called a "board of curators."  Current law
uses the terms "a board of trustees, a board of regents or a
board of overseers."

HB 250 -- CORPORATIONS (Graham, 106)

This bill clarifies that the ruling board of a not-for-profit
corporation may be called a "board of curators."  Current law
uses the terms "a board of trustees, a board of regents or a
board of overseers."

FISCAL NOTE:  No impact on state funds.

HB 250 -- CORPORATIONS

SPONSOR:  Graham (106)

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee
on  Civil and Administrative Law by a vote of 16 to 0.

This bill clarifies that the ruling board of a not-for-profit
corporation may be called a "board of curators."  Current law
uses the terms "a board of trustees, a board of regents or a
board of overseers."

FISCAL NOTE:  No impact on state funds.

PROPONENTS:  Supporters say that the bill allows a board of
trustees to also be called a board of curators.

Testifying for the bill was Representative Graham.

OPPONENTS:  There was no opposition voiced to the committee.

Michael Warrick, Research Analyst

HB 250 -- Not-for-profit Corporations

Sponsor:  Graham

This bill clarifies that the ruling board of a not-for-profit
corporation may be called a "board of curators."  Current law
uses the terms "a board of trustees, a board of regents or a
board of overseers."