Bill Summary for Bill Number SB06-187

Date: 03/15/2006

Final
BILL SUMMARY for SB06-187

HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR

Votes: View-->	Action Taken:
Moved amendment L.004 (Attachment C). The motion Moved to refer Senate Bill 06-187, as amended, to	Pass Without Objection PASS

11:44 AM -- Senate Bill 06-187

Representative Witwer, prime sponsor, presented Senate Bill 06-187. The bill makes several amendments to Title 7 of the Colorado Revised Statutes concerning corporations and associations. He explained that the bill is an annual bill that comes out of the Business Law Section Statutory Drafting Committee within the Colorado Bar Association.

11:48 AM

Anthony VanWestrum, representing the Colorado Bar Association, and Keith Whitelaw, representing the Colorado Secretary of State's Office, testified together in support of the bill. Mr. VanWestrum discussed the changes the bill would make. He stated that the initial language in the bill was broader than intended, so there would be an amendment to limit that language. There was a committee discussion about the section of the bill that pertains to fiduciary duties.

12:00 PM

Representative Witwer explained amendment L.004 and concluded his remarks.


BILL:	SB06-187
TIME:	12:01:04 PM
MOVED:	Coleman
MOTION:	Moved amendment L.004 (Attachment C). The motion passed without objection.
SECONDED:	McCluskey
		VOTE
	Balmer
	Borodkin
	Butcher
	Carroll M.
	Coleman
	Knoedler
	Liston
	McCluskey
	Paccione
	Penry
	Welker
	Cerbo
	Marshall
Not Final YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


BILL:	SB06-187
TIME:	12:01:45 PM
MOVED:	Knoedler
MOTION:	Moved to refer Senate Bill 06-187, as amended, to the Committee of the Whole. The motion passed 13-0.
SECONDED:	Balmer
		VOTE
	Balmer	Yes
	Borodkin	Yes
	Butcher	Yes
	Carroll M.	Yes
	Coleman	Yes
	Knoedler	Yes
	Liston	Yes
	McCluskey	Yes
	Paccione	Yes
	Penry	Yes
	Welker	Yes
	Cerbo	Yes
	Marshall	Yes
Final YES: 13 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS

12:03 PM

The committee adjourned.