2013 Senate Bill 357

House Roll Call 279: Passed

To revise details of when shares of a corporation are considered to be “beneficially owned” for purposes of exercising the voting rights associated with those shares. The bill's effect would be to reduce the ability of a minority shareholder to raise barriers to a merger, conversion, consolidation, transfer of assets to another owner, etc.

106 Yeas / 2 Nays
Republican (59 Yeas / 0 Nays)
Democrat (47 Yeas / 2 Nays)
Excused or Not Voting (1)