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CO HB1297

Bill

Official Source

Status

Passed

6/7/2023

Primary Sponsor

Elisabeth Epps

Click for details

Origin

House of Representatives

2023 Regular Session

AI Summary

  • Amends Colorado Revised Statutes 7-106-104 to prohibit corporations from issuing scrip in bearer form when a holder surrenders enough scrip to equal a full share
  • Allows corporations to issue scrip only in registered form for fractional share redemptions
  • Takes effect 12:01 a.m. on the day following the ninety-day period after final adjournment of the general assembly
  • Subject to voter approval if a referendum petition is filed; if petitioned, requires approval at the November 2024 general election to take effect

Legislative Description

Prohibit Corporation Issuing Scrip In Bearer Form

Last Action

Governor Signed

6/7/2023

Committee Referrals

Business, Labor, & Technology4/26/2023
Finance4/19/2023

Full Bill Text

No bill text available