Bill Sponsor
Indiana House Bill 1581
Session 2023
Business associations.
Became Law
Became Law
Became Law on May 1, 2023
Sponsors
Republican
Robert Heaton
Republican
Travis Holdman
First Action
Jan 19, 2023
Latest Action
May 1, 2023
Origin Chamber
House
Type
Bill
Bill Number
1581
State
Indiana
Session
2023
Sponsorship by Party
Republican
Author
Republican
Sponsor
House Votes (0)
Senate Votes (1)
House votes are unavailable for this bill.
Summary
Provides that the definitions for the uniform business organizations code apply to agricultural cooperatives. Removes the requirement that articles of incorporation for agricultural cooperatives must be acknowledged by at least one incorporator before a notary public. Provides that the uniform business transactions act applies to agricultural cooperatives for certain purposes. Adds business trusts and agricultural cooperatives to lists of entities that the secretary of state may revoke registrations for or dissolve. Makes conforming changes. Amends the statute concerning the securities restitution fund (fund) as follows: (1) Provides that 2% of funds received from fees and revenues from the administration of the Indiana Uniform Securities Act must be deposited in the fund instead of the state general fund. (2) Provides that any amount of the balance of the fund at the end of a particular state fiscal year that exceeds $2,000,000 reverts to the state general fund. (3) Provides that to ensure the financial viability of the fund, the securities commissioner may: (A) divide into installments; (B) delay; or (C) divide into installments and delay; any payments owed to claimants.
Actions (19)
05/01/2023
House
Public Law 156
05/01/2023
Office of the Governor
Signed by the Governor
04/26/2023
Senate
Signed by the President of the Senate
04/25/2023
Senate
Signed by the President Pro Tempore
04/24/2023
House
Signed by the Speaker
04/19/2023
Senate
Returned to the House without amendments
04/18/2023
Senate
Third reading: passed; Roll Call 449: yeas 50, nays 0
04/17/2023
Senate
Second reading: ordered engrossed
04/13/2023
Senate
Committee report: do pass, adopted
03/16/2023
Senate
Committee report: do pass adopted; reassigned to Committee on Appropriations
02/27/2023
Senate
First reading: referred to Committee on Judiciary
02/10/2023
House
Referred to the Senate
02/09/2023
House
Senate sponsor: Senator Holdman
02/09/2023
House
Third reading: passed; Roll Call 96: yeas 93, nays 0
02/06/2023
House
Second reading: ordered engrossed
02/02/2023
House
Committee report: amend do pass, adopted
02/02/2023
House
Representative McGuire J added as coauthor
01/19/2023
House
First reading: referred to Committee on Financial Institutions
01/19/2023
House
Authored by Representative Heaton
Sources
Record Created
Jan 19, 2023 8:56:37 PM
Record Updated
Nov 22, 2023 9:38:27 AM