Did not become law. It stopped in the Senate's Labor and Business Committee on June 26, 2021. The 2021 session has ended.
2021 Regular Session
Senate Bill 468
Prohibits director of agricultural cooperative, with respect to financial condition of agricultural cooperative, from intentionally or negligently concealing material information from member of agricultural cooperative, providing inaccurate or misleading material information to member of agricultural cooperative or otherwise acting to deceive member of agricultural cooperative.
What it does
The synopsis the Legislative Assembly published with the bill.
Prohibits director of agricultural cooperative, with respect to financial condition of agricultural cooperative, from intentionally or negligently concealing material information from member of agricultural cooperative, providing inaccurate or misleading material information to member of agricultural cooperative or otherwise acting to deceive member of agricultural cooperative. Creates duty for officer of agricultural cooperative to act in good faith and with due care and provides that officer does not act in good faith or with due care if officer, with respect to financial condition of agricultural cooperative, intentionally or negligently conceals material information from member of agricultural cooperative, provides inaccurate or misleading material information to member of agricultural cooperative or otherwise acts to deceive member of agricultural cooperative. Creates right of action for member of cooperative to seek damages or injunction for director's or officer's violation of respective duties. Takes effect on 91st day following adjournment sine die.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the Senate
Sponsor
Its course
January 11 to June 26, 2021, 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 action4 actions on 4 days
In the SenateJan 11 to Jun 26 · stopped166 days
Waiting for a committeeJan 11 to Jan 198 days
Labor and BusinessJan 19 to Jun 26 · stopped158 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.
In the Senate Jan 11 – Jun 26
- Jan 11Introduced
- Jan 19Sent to Labor and Business
- Mar 9Heard in Labor and Business
- Jun 26Died when the session ended
All 4 actions, as published
- Jan 11Introduction and first reading. Referred to President's desk.Senate
- Jan 19Referred to Labor and Business.Senate
- Mar 9Public Hearing held.Senate
- Jun 26In committee upon adjournment.Senate