Did not become law. It stopped in the Senate's Natural Resources Committee on June 25, 2023. The 2023 session has ended.
2023 Regular Session
Senate Bill 480
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 9 to June 25, 2023, 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 Jun 25 · stopped167 days
Waiting for a committeeJan 9 to Jan 134 days
Natural ResourcesJan 13 to Jun 25 · stopped163 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 9 – Jun 25
- Jan 9Introduced
- Jan 13Sent to Natural Resources
- Jun 25Died when the session ended
All 3 actions, as published
- Jan 9Introduction and first reading. Referred to President's desk.Senate
- Jan 13Referred to Natural Resources.Senate
- Jun 25In committee upon adjournment.Senate