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Latest Update: Friday, November, 21st 2008
NOT FOR PROFIT CORP-LIABILITY
Amends the General Not For Profit Corporation Act of 1986. Limits the liability of a volunteer board member serving without compensation, other than reimbursement for actual expenses, for damages resulting from any action of the executive director concerning the false reporting of or intentional tampering with financial records of the organization, where the actions of the executive director result in legal action.
House Amendment No. 1
Deletes everything after the enacting clause. Reinserts the provisions of the original bill with the following changes. Provides that the limitation of liability for volunteer board members does not apply to willful and wanton conduct. Provides that these limited liability provisions for volunteer board members do not apply to any action taken by the Attorney General to protect charitable assets or to enforce laws that apply to trustees of a charity. Removes the definition of "willful or wanton conduct".
Latest Actions
- 08/21/2007 - Governor Approved
- 08/21/2007 - Public Act . . . . . . . . . 95-0342
- 08/21/2007 - Effective Date January 1, 2008
- 06/22/2007 - Sent to the Governor
- 05/24/2007 - Third Reading - Passed; 056-001-000
show all actions- 08/21/2007 - Governor Approved
- 08/21/2007 - Public Act . . . . . . . . . 95-0342
- 08/21/2007 - Effective Date January 1, 2008
- 06/22/2007 - Sent to the Governor
- 05/24/2007 - Third Reading - Passed; 056-001-000
- 05/24/2007 - Passed Both Houses
- 05/24/2007 - Third Reading - Passed 056-001-000
- 05/16/2007 - Second Reading
- 05/16/2007 - Placed on Calendar Order of 3rd Reading May 17, 2007
- 05/02/2007 - Do Pass Judiciary Civil Law; 009-000-000
- 05/02/2007 - Placed on Calendar Order of 2nd Reading May 3, 2007
- 05/02/2007 - Do Pass Judiciary Civil Law 009-000-000
- 04/18/2007 - Assigned to Judiciary Civil Law
- 03/29/2007 - Arrive in Senate
- 03/29/2007 - Placed on Calendar Order of First Reading March 30, 2007
- 03/29/2007 - Chief Senate Sponsor Sen. James F. Clayborne, Jr.
- 03/29/2007 - First Reading
- 03/29/2007 - Referred to Rules
- 03/28/2007 - Third Reading - Short Debate - Passed 116-000-000
- 03/28/2007 - Added Chief Co-Sponsor Rep. Kenneth Dunkin
- 03/28/2007 - Added Chief Co-Sponsor Rep. Arthur L. Turner
- 03/28/2007 - Added Chief Co-Sponsor Rep. Monique D. Davis
- 03/28/2007 - Added Chief Co-Sponsor Rep. Ronald A. Wait
- 03/27/2007 - Second Reading - Short Debate
- 03/27/2007 - Placed on Calendar Order of 3rd Reading - Short Debate
- 03/14/2007 - House Amendment No. 1 Filed with Clerk by Judiciary I - Civil Law Committee
- 03/14/2007 - House Amendment No. 1 Adopted in Judiciary I - Civil Law Committee; by Voice Vote
- 03/14/2007 - Do Pass as Amended / Short Debate Judiciary I - Civil Law Committee; 014-000-000
- 03/14/2007 - Placed on Calendar 2nd Reading - Short Debate
- 03/14/2007 - House Amendment No. 1 Adopted in Judiciary I - Civil Law Committee by Voice Vote
- 03/14/2007 - Do Pass as Amended / Short Debate Judiciary I - Civil Law Committee 014-000-000
- 02/15/2007 - Assigned to Judiciary I - Civil Law Committee
- 02/09/2007 - Filed with the Clerk by Rep. Charles E. Jefferson
- 02/09/2007 - First Reading
- 02/09/2007 - Referred to Rules Committee
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