AB650

AB650 AB650
Assembly
Record of Committee Proceedings

Committee on Financial Institutions
Assembly Bill 650
Relating to: merger and conversion of business entities, exemptions from securities registration requirements and licensing requirements for securities broker-dealers and securities agents, registered agents for business entities, filing of documents relating to certain business entities, administrative dissolution of business entities, amended certificates of authority for certain foreign business entities, granting rule-making authority, and making an appropriation.
By Representatives Jeskewitz, Plale, Vrakas, Urban, La Fave, Walker, Lassa, Stone, Grothman, Hines, Krawczyk, Olsen, Duff, McCormick and Townsend; cosponsored by Senators M. Meyer, Cowles, Burke, S. Fitzgerald, Kanavas, Darling and Huelsman.

November 27, 2001 Referred to Committee on Financial Institutions.

December 6, 2001 PUBLIC HEARING HELD

Present: (13) Representatives Jeskewitz, Montgomery, J. Fitzgerald, Hoven, Kedzie, Kreibich, Starzyk, Walker, La Fave, Plale, Plouff, Balow and Krug.

Absent: (3) Representatives Rhoades, Richards and Shilling.

Appearances for
· Suzanne Jeskewitz - State Representative, 24th Assembly District
· Jeff Plale - State Representative, 21st Assembly District
· Jack Kundert - Secretary, Department of Financial Institutions
· Terry Grosenheider - Deputy Secretary, Department of Financial Institutions
· Tom Oureda - Department of Revenue
· Tom Nichols - State Bar of Wisconsin, Business Law Section
· Joe Boucher - State Bar of Wisconsin, Business Law Section

· Joe Hildebrant

Appearances against

· None.

Appearances for Information Only

· None.

Registrations for
· Patricia Struck - Department of Financial Institutions
· Jenny Boese - State Bar of Wisconsin, Business Law Section
· Mark Meyer - State Senator, 32nd Senate District

· Daniel Vrakas - State Representative, 33rd Assembly District

Registrations against

· None.

December 6, 2001 EXECUTIVE SESSION

Present: (13) Representatives Jeskewitz, Montgomery, J. Fitzgerald, Hoven, Kedzie, Kreibich, Starzyk, Walker, La Fave, Plale, Plouff, Balow and Krug.

Absent: (3) Representatives Rhoades, Richards and Shilling.

Moved by Representative Montgomery, seconded by Representative Hoven, that Assembly Bill 650

be recommended for passage.

Ayes: (13) Representatives Jeskewitz, Montgomery, J. Fitzgerald, Hoven, Kedzie, Kreibich, Starzyk, Walker, La Fave, Plale, Plouff, Balow and Krug.
Noes: (0) None.

Absent: (3) Representatives Rhoades, Richards and Shilling.

PASSAGE RECOMMENDED, Ayes 13, Noes 0, Absent 3

Erin Bilot
Committee Clerk