Colorado Legislative Council Staff
NO FISCAL IMPACT
January 29, 1998
House Business Affairs
Susan Colling (866-4784)
TITLE: CONCERNING THE REPRESENTATION OF CLOSELY HELD BUSINESS ENTITIES BY PERSONS WHO ARE NOT LICENSED TO PRACTICE LAW IN THIS STATE.
Summary of Assessment
This bill would expand the number of closely held business entities that may be represented in court by an officer or employee of the closely held business entity. It would change the definition to include not only corporations, but also general and limited partnerships, cooperatives, limited liability companies, limited partnership associations, and nonprofit associations and corporations.
The bill would take effect February 1, 1999, unless a referendum petition is filed during the ninety-day period after adjournment sine die of the General Assembly, or on the date of the official declaration of the vote of the people as proclaimed by the Governor, if a referendum petition is filed pursuant to Article V, Section 1 (3) of the State Constitution. If such a referendum petition is filed against this act or an item, section, or part of this act within such period, then the act, item, section, or part, shall take effect on the specified date only if approved by the people.
The bill is assessed as having no fiscal impact on any agency of the state, or unit of local government. The bill expands who may represent a closely held business entity in court and does not impact state revenue or expenditures.
Department of Law