SB 978 - Schmitt, Eric
Allows certain corporations to waive rights to judicial dissolution
Bill Details
Sponsor
LR Number
6280S.01I
Title
SB 978
House Handler
N/A
Journal Page
Effective Date
August 28, 2014
Current Status
Second Read and Referred S Judiciary and Civil and Criminal Jurisprudence Committee
Quick Links
Amendments
No amendments available
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.
CHRIS HOGERTY