Bob Heaton
- Republican
- Representative
- District 46
Author
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.
Signed by the Governor
Public Law 156
Signed by the President of the Senate
Signed by the President Pro Tempore
Signed by the Speaker
Returned to the House without amendments
Third reading: passed; Roll Call 449: yeas 50, nays 0
Second reading: ordered engrossed
Committee report: do pass, adopted
Committee report: do pass adopted; reassigned to Committee on Appropriations
Referred to the Senate
Senate sponsor: Senator Holdman
Third reading: passed; Roll Call 96: yeas 93, nays 0
Second reading: ordered engrossed
Committee report: amend do pass, adopted
Representative McGuire J added as coauthor
First reading: referred to Committee on Financial Institutions
Authored by Representative Heaton
| Bill Text Versions | Format |
|---|---|
| Introduced House Bill (H) | |
| House Bill (H) | |
| House Bill (S) | |
| House Bill (S) | |
| Enrolled House Bill (H) |
| Document | Format |
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| Fiscal Note: HB1581.05.ENRS.FN001 |
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