LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION April 13, 2011 TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB3244 by Elkins (Relating to shareholder standing to institute or maintain a derivative proceeding after a merger.), Committee Report 1st House, Substituted No fiscal implication to the State is anticipated. The bill would amend Section 21.552 of the Business Organization Code related to certain shareholder standing after certain mergers. The bill would take effect on September 1, 2011. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:307 Secretary of State LBB Staff: JOB, AG, BTA
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
April 13, 2011
TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB3244 by Elkins (Relating to shareholder standing to institute or maintain a derivative proceeding after a merger.), Committee Report 1st House, Substituted
TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB3244 by Elkins (Relating to shareholder standing to institute or maintain a derivative proceeding after a merger.), Committee Report 1st House, Substituted
Honorable Joe Deshotel, Chair, House Committee on Business & Industry
Honorable Joe Deshotel, Chair, House Committee on Business & Industry
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
HB3244 by Elkins (Relating to shareholder standing to institute or maintain a derivative proceeding after a merger.), Committee Report 1st House, Substituted
HB3244 by Elkins (Relating to shareholder standing to institute or maintain a derivative proceeding after a merger.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Section 21.552 of the Business Organization Code related to certain shareholder standing after certain mergers. The bill would take effect on September 1, 2011.
The bill would amend Section 21.552 of the Business Organization Code related to certain shareholder standing after certain mergers. The bill would take effect on September 1, 2011.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 307 Secretary of State
307 Secretary of State
LBB Staff: JOB, AG, BTA
JOB, AG, BTA