This amendment changes the provision relating to the effective date so that the safe harbor provisions of Senate Substitute No.

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

This amendment changes the provision relating to the effective date so that the safe harbor provisions of Senate Substitute No.

This amendment changes the provision relating to the effective date so that the safe harbor provisions of Senate Substitute No.

What This Bill Does

• This amendment changes the provision relating to the effective date so that the safe harbor provisions of Senate Substitute No.
• 1 for Senate Bill No.
• 21 apply only to acts and transactions occurring after the Act’s date of enactment and the books and records provisions apply only to demands made after the Act’s date of enactment.

Limits and Unknowns

• This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Official Summary Text

This amendment changes the provision relating to the effective date so that the safe harbor provisions of Senate Substitute No. 1 for Senate Bill No. 21 apply only to acts and transactions occurring after the Act’s date of enactment and the books and records provisions apply only to demands made after the Act’s date of enactment.

Current Bill Text

Legislation Document

SPONSOR:

Rep. Wilson-Anton

HOUSE OF REPRESENTATIVES

153rd GENERAL ASSEMBLY

HOUSE AMENDMENT NO. 6

TO

SENATE SUBSTITUTE NO. 1

FOR

SENATE BILL NO. 21

AMEND Senate Substitute No. 1 for Senate Bill No. 21 by deleting Section 3 in its entirety and inserting in lieu thereof the following:

“Section 3. Sections 1 and 2 of this Act take effect following this Act’s enactment into law

(the “Effective Date”)

and apply to all acts and transactions that occur after the enactment of this Act. Sections 1 and 2 of this Act do not apply to or affect any action or proceeding commenced in a court of competent jurisdiction that is completed or pending, or any demand to inspect books and records made on or before the Effective Date.”.

SYNOPSIS

This amendment changes the provision relating to the effective date so that the safe harbor provisions of Senate Substitute No. 1 for Senate Bill No. 21 apply only to acts and transactions occurring after the Act’s date of enactment and the books and records provisions apply only to demands made after the Act’s date of enactment.