HB228
Type: B Origin: House Alabama Comments: 0

Alabama Business And Nonprofit Entities Code; Amended To Delete References To Alabama Nonprofit Corporation Law, Clarify And Streamline Certain Provisions In Accordance With Changes In Delaware Law And The Model Business Corporation Act

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The bill aims to amend the Alabama Business and Nonprofit Entities Code by removing mentions of the Alabama Nonprofit Corporation Law. It seeks to clarify and simplify certain provisions in alignment with updates in Delaware law and the Model Business Corporation Act. The proposed changes intend to modernize and enhance the efficiency of business regulations in Alabama by aligning them with contemporary standards from other jurisdictions.

Bill Activity

  • 2024-02-27: Read for the first time and referred to the House Committee on Judiciary

  • 2024-02-27: Pending House Judiciary

  • 2024-03-20: Reported Out of Committee House of Origin

  • 2024-03-21: Read for the Second Time and placed on the Calendar

  • 2024-05-07: Currently Indefinitely Postponed

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