Did not become law. It stopped in the Senate's Judiciary Committee on July 7, 2017. The 2017 session has ended.
2017 Regular Session
Senate Bill 524
Provides that board member, officer, employee or agent of cooperative is personally liable to member of cooperative if board member, officer, employee or agent materially misrepresents financial condition of cooperative to induce member to enter into contract.
What it does
The synopsis the Legislative Assembly published with the bill.
Provides that board member, officer, employee or agent of cooperative is personally liable to member of cooperative if board member, officer, employee or agent materially misrepresents financial condition of cooperative to induce member to enter into contract. Provides that contract is void if board member, officer, employee or agent of cooperative misrepresents financial condition of cooperative or misrepresents term or condition of contract to induce member of cooperative to enter into contract. Places burden on cooperative that seeks to enforce contract that member alleges should be void to show by preponderance of evidence that board member, officer, employee or agent of cooperative did not make material misrepresentation to induce member to enter into contract.
Its course
January 9 to July 7, 2017, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action3 actions on 3 days
In the SenateJan 9 to Jul 7 · stopped179 days
Waiting for a committeeJan 9 to Jan 178 days
JudiciaryJan 17 to Jul 7 · stopped171 days
Text
Each version as the Legislative Assembly printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.