Referred to the Senate Law & Justice Committee on January 9, 2017
Referred to the Senate Rules Committee on January 26, 2017
Establishes a statutory procedure for ratifying and validating defective corporate actions.
? Authorizes forum selection provisions for internal corporate disputes. ?Permits asset drop-down transactions without approval by parent
corporation's shareholders.
? Eliminates ten-year term limits on voting trusts and voting agreements. ? Permits short-form downstream mergers.