House committee substitute makes the following changes to 1st edition. Replaces original bill with AN ACT TO AUTHORIZE THE LEGISLATIVE RESEARCH COMMISSION TO STUDY NONATTORNEY OWNERSHIP OF PROFESSIONAL CORPORATION LAW FIRMS. As title indicates. Directs the Commission to review issues raised by the first edition of House Bill 832. Specifies reporting requirements.
LRC STUDY/NONATTORNEY OWNERSHIP/PC LAW FIRMS (NEW).
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| View NCGA Bill Details | 2011-2012 Session |
TO ALLOW NONATTORNEY OWNERSHIP OF PROFESSIONAL CORPORATION LAW FIRMS, SUBJECT TO CERTAIN REQUIREMENTS.Intro. by Brubaker, McComas.
Status: Re-ref Com On Rules, Calendar, and Operations of the House (House Action) (Jun 8 2011)
Bill History:
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Wed, 6 Apr 2011 House: Filed
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Thu, 7 Apr 2011 House: Passed 1st Reading
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Thu, 7 Apr 2011 House: Ref To Com On Commerce and Job Development
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Fri, 3 Jun 2011 House: Reptd Fav
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Fri, 3 Jun 2011 House: Cal Pursuant Rule 36(b)
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Fri, 3 Jun 2011 House: Placed On Cal For 6/3/2011
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Mon, 6 Jun 2011 House: Withdrawn From Cal
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Mon, 6 Jun 2011 House: Re-ref Com On Judiciary Subcommittee A
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Wed, 8 Jun 2011 House: Reptd Fav Com Substitute
H 832
Bill Summaries:
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Bill H 832 (2011-2012)Summary date: Jun 8 2011 - View Summary
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Bill H 832 (2011-2012)Summary date: Apr 8 2011 - View Summary
Identical to S 254, filed 3/8/11.
Enacts new subsection (a2) to GS 55B-6 to allow any person to own up to 49% of the stock of a professional corporation providing legal services under GS Chapter 84 (regulating attorneys), provided five enumerated criteria are met, including the requirement that licensees own and control voting stock representing at least 51% of the votes entitled to be cast in the director election for the professional corporation. Makes other technical and conforming changes. Effective October 1, 2011.
View: All Summaries for Bill