MINUTES OF THE

SENATE Committee on Judiciary

 

Seventy-First Session

May 26, 2001

 

 

The Senate Committee on Judiciarywas called to order by Chairman Mark A. James, at 2:40 p.m., on Saturday, May 26, 2001, on the Senate Floor of the Legislative Building, Carson City, Nevada.  There was no Agenda.  There was no Attendance Roster. 

 

COMMITTEE MEMBERS PRESENT:

 

Senator Mark A. James, Chairman

Senator Jon C. Porter, Vice Chairman

Senator Mike McGinness

Senator Maurice Washington

Senator Dina Titus

Senator Valerie Wiener

Senator Terry Care

 

STAFF MEMBERS PRESENT:

 

Johnnie Willis, Committee Secretary

 

Chairman James opened the floor meeting on Senate Bill (S.B.) 577.

 

SENATE BILL 577:  Limits common-law and statutory liability of corporate stockholders, directors and officers and increases fees for filing certain documents with secretary of state. (BDR 7-1547)

 

Senator James requested a motion to rescind the amendment to S.B. 577 that was adopted by the committee on May 24, 2001. 

 

In response, Senator Titus inquired whether rescinding the amendment to S.B. 577 would provide more protection, or less protection, for housing association cooperative (co-op) chairmen than it would for corporate boards of directors. 

 

Senator James answered it would leave association boards as they are under current law.

 

Senator Titus stated, in that event, the action would “water down” the legislation and she could not support it.

 

SENATOR WASHINGTON MOVED TO RESCIND THE AMENDMENT TO S.B. 577 ADOPTED BY THE SENATE COMMITTEE ON JUDICIARY ON MAY 24, 2001.

 

SENATOR MCGINNESS SECONDED THE MOTION.

 

THE MOTION CARRIED.  (SENATOR TITUS, SENATOR WIENER, AND SENATOR CARE VOTED NO.)

 

*****

 

The meeting was adjourned at 2:43 p.m.

 

                                                                                        RESPECTFULLY SUBMITTED:

 

 

 

Barbara Moss,

Committee Secretary

 

 

APPROVED BY:

 

 

 

                       

Senator Mark A. James, Chairman

 

 

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