Connecticut Seal

General Assembly

Amendment

 

February Session, 2014

LCO No. 5128

   
 

*SB0002305128SRO*

Offered by:

 

SEN. FASANO, 34th Dist.

 

To: Subst. Senate Bill No. 23

File No. 603

Cal. No. 397

"AN ACT CONCERNING BENEFIT CORPORATIONS AND ENCOURAGING SOCIAL ENTERPRISE. "

In line 67, strike "two-thirds" and insert "sixty"

In line 68, after "action" insert ", except that for purposes of section 5 of this act, the corporate action is approved by the vote of shareholders of each class or series entitled to cast at least ninety per cent of the votes that shareholders of the class or series are entitled to cast on the action"

In line 78, strike "two-thirds" and insert "sixty"

In line 79, after "action" insert ", except that for purposes of section 5 of this act, the action is approved by the vote or written consent of the holders described in subparagraph (B)(i) of this subdivision entitled to cast at least ninety per cent of the votes that all of those holders are entitled to cast on the action"