SB 5 (1989): permitting a corporation to limit the liability of its directors and officers in its articles of incorporation.
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@misc{bill-1989-sb5, title = {SB 5 (1989): permitting a corporation to limit the liability of its directors and officers in its articles of incorporation.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1989/sb5}, note = {Accessed 24 Oct. 2026} }
SB 5 (1989)
permitting a corporation to limit the liability of its directors and officers in its articles of incorporation.
- Status: Signed into law
- Term: 1989-1990
- House committee: Judiciary
- Senate committee: Insurance
- Subject: Miscellaneous
- Chapter law: 275
The Story
It was introduced on January 4, 1989 and referred to the Senate Insurance committee. The committee held a public hearing on January 12, 1989. The committee recommended that the Senate pass it with changes. On February 2, 1989 the Senate voted to pass it with changes. It crossed to the House on March 7, 1989 and was referred to the House Judiciary committee. The committee held a public hearing on April 18, 1989. The majority recommended that the House pass it with changes, and the minority recommended that the House pass it with changes, by a vote of 12–4. On May 9, 1989 the House voted to pass it with changes on a voice vote. On May 11, 1989 the Senate voted to reject the other chamber's changes. On May 16, 1989 the Senate voted to agree to the other chamber's changes. The bill was enrolled on May 23, 1989 — the final check of the text before it goes to the governor. The governor signed it on May 29, 1989, making it Chapter 275 of the session laws. It took effect on May 29, 1989.
Sponsors
- Sen. Roberge (SD9) (prime sponsor)
- Rep. Palumbo (Rock 10)
Hearings and Sessions
- January 12, 1989, 10:30 AM: hearing, Senate Insurance, RM 101LOB
- April 18, 1989, 10:00 AM: hearing, House Judiciary, RM208,LOB
Votes
- May 9, 1989, House: Ought to Pass with Amendment — voice vote, passed
The Docket
- January 4, 1989: INTRODUCED AND REF TO INSURANCE
- January 12, 1989: HEARING 1/12/89 10:30 RM 101LOB FOR:INSURANCE
- February 1, 1989: COMMITTEE REPORT OTPA
- February 2, 1989: PASSED/ADOPTED WITH AM
- March 7, 1989: INTRODUCED AND REF TO JUDICIARY
- March 7, 1989: IN SEAT POCKET ON 3/7/89 DUE ON 4/13/89
- April 18, 1989: HEARING 4/18/89 10:00 RM208,LOB FOR: JUDICIARY
- April 27, 1989: MAJ REPORT OTP/AM FOR: 5/9 VOTE (12-4)
- April 27, 1989: MIN REPORT OTP/AM
- May 9, 1989: MAJ AM, AA VV; REP JACOBSON FL AM, AL RC(98-231); PASSED W/AM VV; HJ83, P2591-2595 + 2603
- May 11, 1989: SENATE NONCONCUR WITH HOUSE AM, REQ CONF COMM
- May 11, 1989: PRES APPTS SENS: DELAHUNTY, ROBERGE, & BLAISDELL
- May 16, 1989: SUBSTITUTE MOTION TO CONCUR MOTION ADOPTED
- May 23, 1989: ENROLLED:
- May 23, 1989: ENROLLED:
- May 29, 1989: SIGNED BY GOVERNOR 5/29/89 EFF: 5/29/89 CHAP: 275