30th Legislature, 2019
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SB3046 SD1       (?)


Measure Title: RELATING TO PENAL LIABILITY FOR BUSINESS ENTITIES.
Report Title: Corporations; Business Entities; High Managerial Agent; Felony; Misdemeanor; Dissolution; Cancellation; Revocation
Description: Requires a court to order the charter of a corporation forfeited and the certificate authorizing a foreign corporation to do business in the State revoked upon a felony or misdemeanor conviction of the corporation or its high managerial agent that is related to its business affairs. Repeals the requirement for findings for a court to order forfeiture of a charter or revocation of a certificate. Requires similar penalties for various partnership entities and limited liability companies and their foreign counterparts convicted of a felony or misdemeanor. Permits the winding up of the business. (SD1)
Companion:  HB2157
Package: None
Current Referral: EDB, CPC, JUD
Introducer(s): BAKER, Fevella, Kidani, Kim, Shimabukuro

Sort by Date Status Text
1/23/2020SIntroduced.
1/23/2020SPassed First Reading.
1/27/2020SReferred to CPH, JDC.
2/5/2020SRe-Referred to JDC.
2/14/2020SThe committee(s) on JDC has scheduled a public hearing on 02-20-20 9:15AM in conference room 016.
2/20/2020SThe committee(s) on JDC recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in JDC were as follows: 3 Aye(s): Senator(s) K. Rhoads, J.Keohokalole, Kim; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Gabbard, Fevella.
2/28/2020SReported from JDC (Stand. Com. Rep. No. 3024) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
2/28/2020SReport adopted; Passed Second Reading, as amended (SD 1).
2/28/2020S48 Hrs. Notice 03-03-20.
3/3/2020SPassed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
3/3/2020HReceived from Senate (Sen. Com. No. 470) in amended form (SD 1).
3/5/2020HPass First Reading
3/9/2020HReferred to EDB, CPC, JUD, referral sheet 36

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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SB3046 SD1






CommRoomDate/TimeNotice 
JDC 016 2/20/2020 9:15 AM View