Transcript Highlights:

• 00:01:33.119><c> keep</c> corporations act in order to keep corporations act in order to keep Minnesota
• </c><00:01:51.079><c> act</c> in the model business corporations act in the model business corporations
• </c> we're adding an an option for defective we're adding an an option for defective acts<00:04:59.000
• those defective acts.
• those defective acts.

Bills: HF747, HF360

Keywords: corporate governance, shareholder rights, beneficial ownership, defective corporate acts, Minnesota Business Corporation Act, trusts, Uniform Trust Code, probate, estate planning, trust protector, directed trust, investment trust advisor, distribution trust advisor, excluded fiduciary, decanting, power of appointment, revocable trust, irrevocable trust, uneconomic trust, rule against perpetuities

Bills: HF1224, HF1615, HF2403

Keywords: foreclosure, mortgage postponement, homeowners, redemption period, Minnesota Statutes, cannabis, hemp, lower-potency, edibles, regulations, licensing, local control, consumer safety, age restrictions, commerce policy, financial institutions, insurance regulation, limited long-term care insurance, Medicare supplement, health insurance

Bills: HF1224, HF1615, HF2403

Keywords: foreclosure, mortgage postponement, homeowners, redemption period, Minnesota Statutes, cannabis, hemp, lower-potency, edibles, regulations, licensing, local control, consumer safety, age restrictions, commerce policy, financial institutions, insurance regulation, limited long-term care insurance, Medicare supplement, health insurance

Transcript Highlights:

• This is another NAIC Model Act. This makes modifications to Chapter 60D.
• Article 5 is Modifications to the Minnesota Business Corporations Act.
• And this includes new sections regarding what to do when there's a defective corporate act.
• This includes new sections regarding what to do when there's a defective corporate act. to changes in
• But think about the people and not the corporations. Thank you. Thank you.

Bills: HF1545, HF2426, HF1615, HF2403

Keywords: medical cannabis, cultivation, cannabinoid products, plant canopy, Minnesota statutes, cannabis, hemp, lower-potency, edibles, regulations, licensing, local control, consumer safety, age restrictions, commerce policy, financial institutions, insurance regulation, limited long-term care insurance, Medicare supplement, health insurance

Transcript Highlights:

• Article five is modifications to the Minnesota Business Corporations Act, and this includes new sections
• regarding what to do when there's a defective corporate act.
• <00:10:41.959><c> Act.
• <00:10:50.320><c> corporate</c> act.<00:10:56.079><c> Uh,</c><00:10:56.640><c> article</c><00:10:57.040
• cannabis</c><01:15:07.040><c> to</c> corporate by corporate cannabis to corporate by corporate cannabis

Bills: HF1545, HF2426, HF1615, HF2403

Keywords: medical cannabis, cultivation, cannabinoid products, plant canopy, Minnesota statutes, cannabis, hemp, lower-potency, edibles, regulations, licensing, local control, consumer safety, age restrictions, commerce policy, financial institutions, insurance regulation, limited long-term care insurance, Medicare supplement, health insurance

Transcript Highlights:

• Members, House Bill 3498 is a modernization of the Oklahoma General Corporation Act and our state's LLC
• It's updating some outdated provisions to better reflect how corporations actually operate in Today's
• It's creating or modernizing our corporate structure so that we can invite Those businesses here and
• This is bringing us in line with today's standards in terms of laws that govern corporations and LLCs
• actually are kind of operating but to actually make the state more competitive with regards to corporations

Bills: HB3081, HB3127, HB3128, HB3498, HB2035

Keywords: fire extinguisher, licensing, public safety, age qualification, State Fire Marshal, medical marijuana, employment rights, safety-sensitive positions, workplace policies, public assistance, workforce development, economic competitiveness, task force, apprenticeships, training programs, training barriers, business growth, industry coordination, business entities, corporation law

Transcript Highlights:

• </c> called the model business Corporation called the model business Corporation act<00:30:23.159><c>
• </c><00:35:14.280><c> act</c> do of the model business Corporation act do of the model business Corporation
• </c> testifier the defective acts I'm kind of testifier the defective acts I'm kind of caught<00:35:54.440
• The provision simply allows a corporation to correct a defective act; it does not remove liability, affect
• </c> call a defective act it doesn't remove call a defective act it doesn't remove liability<00:37:00.440

Bills: HF747, HF1014, HF320, HF400

Keywords: corporate governance, shareholder rights, beneficial ownership, defective corporate acts, Minnesota Business Corporation Act, Minnesota Insurance Guaranty Association, MIGA, insurance guaranty fund, insurer insolvency, covered claim, net worth threshold, high-net-worth insured, financial information request, insurance claims, self-insured retention, deductible, commercial insurance, insurance regulation, Minnesota Statutes 60C.09, guaranty association

Bills: HF1546, HF2403, HF2389, HF2398

Keywords: fire safety, public safety, statewide fire code, code cleanup, repeal, obsolete statutes, matches, strike-anywhere matches, safety matches, match packaging, match storage, tent safety, flame resistant tents, public assembly tents, flammable materials, fire code modernization, Minnesota Statutes chapter 325F, commerce policy, financial institutions, insurance regulation

Transcript Highlights:

• Senate bill 1826 simply eliminates the sunset on a on the Oklahoma Enterprise Zone Incentive Leverage Act
• Members, this is an update to Oklahoma's General Corporation Act. Act.
• Senate Bill 1937 is the Taxpayer Dollars Protect Workers' Act.

Bills: SB1824, SB1813, SB1326, SB1277, SB1937, SB1217, SB1826, SB1641

Keywords: corporation, corporate governance, business entities, Oklahoma General Corporation Act, limited liability company, LLC, shareholder rights, beneficial owner, controlling shareholder, control group, interested director, fiduciary duty, books and records inspection, corporate records, ratification, defective corporate acts, putative stock, stock issuance, treasury shares, rights and options

Transcript Highlights:

• Senate Bill 1826 simply eliminates the sunset on the Oklahoma Enterprise Zone Incentive Leverage Act,
• The Incentive Leverage Act, which was passed several years ago. Move adoption, yield for questions.
• Members, this is an update to Oklahoma's General Corporation Act.
• Senate Bill 1937 is the Taxpayer Dollars Protect Workers Act.

Bills: SB1824, SB1813, SB1326, SB1277, SB1937, SB1217, SB1826, SB1641

Keywords: corporation, corporate governance, business entities, Oklahoma General Corporation Act, limited liability company, LLC, shareholder rights, beneficial owner, controlling shareholder, control group, interested director, fiduciary duty, books and records inspection, corporate records, ratification, defective corporate acts, putative stock, stock issuance, treasury shares, rights and options

Summary: The committee met with a quorum present and heard several bills, mostly business, licensing, and economic development measures. HB 1277, presented by Rep. Hill, updated OESC job-search requirements and added flexibility for rural residents; it passed 8-0. SB 1217, an OREC request bill presented by Rep. Osborne, would allow a person to tour a house without first signing a contract with a real estate agent; after questions about federal real estate settlement issues and buyer-agent compensation, it passed 7-1. SB 1826 would eliminate the sunset on the Oklahoma Enterprise Zone Incentive Leverage Act and passed 8-0. SB 1824 updated the Oklahoma General Corporation Act as a mirror to a House bill and passed 8-0. SB 1813 would allow the governor to enter athletic trainer licensure compacts with other jurisdictions and passed 7-1. SB 1326 modernized self-storage facility operations and passed 7-0. The committee then took up SB 1937, the Taxpayer Dollars Protect Workers Act, which would condition economic development incentives on labor-practice requirements intended to preserve secret-ballot organizing, employee privacy, and employer rights. Rep. Blancett raised concerns that the bill could harm the film, entertainment, and Olympic-related industries and undermine economic diversification, while Rep. Lepak argued it was aimed at preventing coercive organizing tactics and said similar measures had passed in other states. After a brief debate, the bill passed 5-1-2. Finally, SB 1641, requiring an email address in LLC articles of organization filed with the Secretary of State, passed unanimously. The committee then adjourned.

Transcript Highlights:

• One of them being, for instance, right now we allow corporations to have personhood under law so a corporation
• system to have personhood, for instance, if that system decided to go steal your bank accounts, the corporation
• House Bill 3498 is a targeted modernization of our corporate code and limited liability company statutes
• probably already know, the state of Delaware has one of the most comprehensive laws with regards to the corporate
• statutes, and so... ...laws with regards to the corporate statutes, and so a lot of companies will incorporate

Bills: HB3147, HB4453, HB3369, HB3660, HB3498, HB3260, HB3081, HB3127, HB3673, HB2293, HB3545, HB3546, HB2035

Keywords: special license plates, Route 66, Oklahoma, funding, community support, health care, transparency, primary care, cost analysis, insurance, all payer claims database, spending benchmarks, HB3369, food truck, food truck fire suppression, mobile food establishment, mobile food preparation vehicle, mobile food vendor, automatic fire extinguishing system, fire suppression

Transcript Highlights:

• The committee sub to H.B. 3420 modifies several provisions related to the Oklahoma Central Purchasing Act
• The committee sub to H.B. 3420 modifies several provisions related to the Oklahoma Central Purchasing Act
• The committee sub to H.B. 3420 modifies several provisions related to the Oklahoma Central Purchasing Act

Bills: HB3057, HB3279, HB4428, HB3420

Keywords: government reporting, information technology, child welfare, environmental policy, state agency compliance, employment restrictions, state officers, prohibited acts, government contracts, public service, public finance, pension, pension fund, retirement system, board of trustees, proxy voting, proxy proposal, shareholder vote, shareholder activism, fiduciary duty

Summary: The Senate Committee on Retirement and Insurance met and first passed House Bill 3057, which removes obsolete statutorily required reports identified in a Loft review to streamline agency reporting requirements. Senator Kirt asked whether any agency functions were being eliminated, and Senator Rader said some reporting-related functions would no longer be required, citing the organized retail crime task force final report as an example. The bill passed 7-0. The committee then unanimously confirmed Marla Tharp to another four-year term on the Board of Trustees of the Teachers’ Retirement System of Oklahoma, with members discussing her service, the system’s unfunded liability, and her long career in school administration. After that, House Bill 3279 passed 9-0. That measure raises the conflict-of-interest certification threshold to contracts of $25,000 or more, bars involved officers or employees from taking jobs with the winning contractor for one year, and clarifies that another person may sign for a director. Senators asked how broadly the restriction applies and whether the change addressed existing loopholes. House Bill 4428 also passed, 7-2, after debate and amendment. The bill directs pension boards and proxy advisors to focus on pecuniary factors in investment and proxy voting decisions, while limiting reliance on non-pecuniary considerations unless they affect financial risk or return. Amendments added language requiring entities to be headquartered and operate in the United States and aligned the bill’s investment-purpose language with existing statute. Senator Kirt opposed the measure, arguing it could unduly limit long-term considerations and proxy voting. Finally, House Bill 3420 passed 8-0. Described as part of a bipartisan effort informed by the state auditor and Loft, it makes several changes to the Oklahoma Central Purchasing Act, including limiting pilot procurement testing to one year, removing flex benefit plan acquisitions from certain bidding exemptions, clarifying that professional services need not be bid, and posting sole-source and sole-brand reports on the OMES website instead of sending them to legislative leadership. Senators questioned several deletions and additions, and the author said the bill was intended to clean up procurement rules and reduce opportunities for waste or abuse.

Transcript Highlights:

• And so, there normally in these situations, there's one person who's committed an act of negligence,
• And so, could it help large corporate defendants and those types of circumstances.
• Act and its limited liability company statutes.
• Members, this bill is being brought to you as it adds definition to the domestic violence act.
• Again, this does not do anything but add a definition to the domestic violence act.

Bills: SB2030, SB1926, SB2170, SB2151, SB2166, SB1213, SB1381, SB1824, SB1876, SB1728, SB1582, SB1286, SB1386, SB1708, SB1618

Keywords: expungement, record sealing, criminal records, clean slate, automatic expungement, expedited expungement, criminal history, OSBI, Oklahoma State Bureau of Investigation, deferred judgment, delayed sentence, pardon, pardon and parole board, law enforcement records, sealed records, arrest records, conviction records, reclassification of felony to misdemeanor, reentry, second chance

Transcript Highlights:

• Senate Bill 1824 is the update to the Oklahoma General Corporation Act and its limited liability company
• Members, this bill is being brought to you as it adds a definition to the Domestic Violence Act.
• And again, this does not do anything but add a definition to the Domestic Violence Act.
• Violence Act. With that, I yield for questions and ask for a due pass.
• Senate Bill 1582 is an act related to alien ownership of land.

Bills: SB2030, SB1926, SB2170, SB2151, SB2166, SB1213, SB1381, SB1824, SB1876, SB1728, SB1582, SB1286, SB1386, SB1708, SB1618

Keywords: expungement, record sealing, criminal records, clean slate, automatic expungement, expedited expungement, criminal history, OSBI, Oklahoma State Bureau of Investigation, deferred judgment, delayed sentence, pardon, pardon and parole board, law enforcement records, sealed records, arrest records, conviction records, reclassification of felony to misdemeanor, reentry, second chance

Summary: The Senate Judiciary Committee heard and advanced a series of bills covering criminal justice, family law, elections, insurance, and property issues. Among the measures approved were SB 2030, a clean-slate/automatic expungement bill; SB 1926, allowing victims seeking protective orders to file in another county; SB 2170, requiring supervised visits when sexual abuse allegations are substantiated by DHS; SB 2151, giving prosecutors discretion to seek a 65% sentence instead of an 85% sentence in some cases; SB 2166, setting evidentiary rules for calculating future medical damages; SB 1213, allowing certain inmates to start at a higher earned-credit level; SB 1381, creating a statewide pretrial hearing process with a pilot program approach; SB 1824, updating corporation and LLC statutes; SB 1876, modernizing service of process on foreign insurers; SB 1728, adding a domestic violence definition for coercive control; SB 1582, defining bona fide resident and lawful permanent resident for alien land ownership rules; SB 1286, requiring more political subdivisions to provide polling places at no cost; SB 1386, creating a courtroom transparency pilot program using audio-video recording; and SB 1708, creating a rebuttable presumption of joint custody and equal parenting time. Several bills were amended before passage, including title-striking motions on multiple measures and committee-substitute language changes. Debate centered on the policy tradeoffs in several of the more controversial bills. Senators raised concerns about forum shopping and judicial bias in the protective-order bill, the fairness and practical effects of the future-damages bill on injured plaintiffs and insurers, the impact of the custody presumption bill on domestic violence cases and guardian ad litem practice, and the risks of foreign land ownership. Supporters generally framed the bills as responses to constituent concerns, efforts to improve fairness or transparency, or ways to modernize outdated statutes and procedures. Opponents or skeptics focused on unintended consequences, possible burdens on victims, and whether existing law already addressed the problems being raised. The committee also heard that SB 1381 would likely return as a pilot program in one county because of fiscal concerns, and SB 1386 was discussed as a limited courtroom-recording pilot rather than a full statewide rollout. SB 1582 passed after discussion of the meaning of “bona fide resident” and whether certain noncitizens could buy land. SB 1708 drew especially detailed debate over whether the law should begin with a presumption of equal parenting time or leave custody decisions entirely to the judge’s best-interest analysis. Most measures advanced on bipartisan roll-call votes, with some dissent on SB 1926, SB 2166, SB 1386, and SB 1708.

Transcript Highlights:

• The committee sub to HB 3420 modifies several provisions related to the Oklahoma Central Purchasing Act

Bills: HB3057, HB3279, HB4428, HB3420

Keywords: government reporting, information technology, child welfare, environmental policy, state agency compliance, employment restrictions, state officers, prohibited acts, government contracts, public service, public finance, pension, pension fund, retirement system, board of trustees, proxy voting, proxy proposal, shareholder vote, shareholder activism, fiduciary duty

Transcript Highlights:

• Senate Bill 1826 simply eliminates the sunset on the Oklahoma Enterprise Zone Incentive Leverage Act.
• Members, Senate Bill 1824 is a targeted modernization of our corporate code, strengthens freedom of contract
• ensure that somebody who owns a small share isn't able to gum up any potential actions that a large corporation

Bills: SB378, SB540, SB1061, SB1475, SB1531, SB1534, SB1684, SB1824, SB1826, SB2049

Keywords: bail bondsman, bondsman license, multicounty agent bondsman, surety bondsman, Insurance Commissioner, bail bond regulation, bond deposit, forfeiture, deposit ratio, writing capacity, license transfer, power of attorney, surety bond, bail industry, Oklahoma insurance law, financial solvency, administrative action, dentist, dental hygienist, dentistry

Transcript Highlights:

• </c> of political spending by corporations of political spending by corporations that<00:58:33.680><c
• A basic principle of corporate<00:58:52.200><c> corporate</c><00:58:53.000><c> for</c><00:58:53.440><
• c> excuse</c><00:58:53.680><c> me,</c> corporate corporate for excuse me, corporate corporate for excuse
• They simply register corporations.
• The point is that corporation has.

Bills: SB1166, SB888, SB2387, SB2471

Keywords: insurance, climate change, responsible parties, damages, Hawaii Property Insurance Association, Hurricane Relief Fund, civil action, climate disasters, extreme weather, SB888, Hawaii, consumer protection, smart home security, smart household security device, home security camera, video doorbell, Ring, Nest, connected devices, internet of things

Summary: The committee heard SB 1166 SD2, a bill on insurance and climate-related damages that would authorize the Hawaii Property Insurance Association and, in amended versions discussed during testimony, other public and private entities to pursue civil actions to recover losses tied to climate disasters and extreme weather. DCCA’s Insurance Division and the Department of the Attorney General raised legal concerns, saying the bill’s scope may not fit the insurance code section being amended, that it could create subject-matter and title issues, and that some subrogation language may be duplicative of existing rate-filing practice. Lawyers for Justice opposed the measure, arguing it conflicts with existing subrogation law and recent Hawaii Supreme Court rulings that treat the judicial lien process as the exclusive remedy. The American Petroleum Institute also opposed, warning the bill would add liability and litigation risk for companies operating under existing permits and could undermine energy reliability and investment. Supporters said the bill would help shift climate-related insurance costs away from residents and onto fossil fuel companies and other responsible parties. Testimony in support came from the Polluters Pay Hawaii Coalition, Center for Climate Integrity, Hawaii Island Council, Our Hawaii, Sierra Club of Hawaii, and others, who described recent flooding, storm damage, rising premiums, non-renewals, and underinsurance as evidence of a worsening climate-driven insurance crisis. Several supporters urged amendments to give the Attorney General explicit authority to recover insurance-related losses for the Hurricane Relief Fund, HPIA, and private insurers, and to ensure recovered amounts benefit policyholders. Committee members questioned whether HPIA is a private entity, whether the Attorney General could represent it, whether the bill could create double recovery or affect pending climate litigation, and whether insurers would have standing or damages if they are only paying contractual claims. The committee then took up SB 888 SD2, a consumer protection bill that would restrict smart household security device operators from sharing user data with law enforcement without consent or a judicial order, and would bar conditioning device use on such consent. The Office of Consumer Protection testified in support and said an Illinois law could serve as a useful template for exceptions to the warrant requirement. An individual supporter said the measure would protect immigrant communities, judges, and others from surveillance and misuse of private data. No vote was taken during the portion of the meeting provided, and the chair noted additional written testimony submitted in support of SB 1166.

Transcript Highlights:

• The act seeks to better reflect current practices in the relationship between a real estate broker or
• I chair the corporate group there, and I'm also vice chair of the global M&A practice.
• "Governmental body means a non-profit corporation that is eligible to receive funds under the Federal
• Wouldn't there be a more national push at the corporate level to be doing this?
• So the question being, a little along the chairman's line, why doesn't the industry act?

Bills: SB75, SB715, SB776, SB1299, SB1405, SB1968, SB2021, SB2077, SB2148, SB2321, SB2330, SB2411

Keywords: electric generation, reliability, ERCOT, Public Utility Commission, penalties, performance requirements, energy policy, construction contracts, compensatory damages, government delays, contractor, legislation, nonprofit donor privacy, membership lists, supporter confidentiality, volunteer privacy, association rights, public records exemption, Texas Public Information Act, government transparency

Transcript Highlights:

• little bit of history: I started on this DER space probably six years ago because the PUC was not acting
• Currently, state and local governments act as financial intermediaries in the collection of membership
• Chairman and members, SB2330, the Government Accountability and Transparency Act, restores the proper
• Through their tax contributions, they are enabling the state to act in some capacity as a treasurer for
• While state and local governments exist to serve the people of Texas, they were never intended to act

Bills: SB75, SB715, SB776, SB1299, SB1405, SB1968, SB2021, SB2077, SB2148, SB2321, SB2330, SB2411

Keywords: electric generation, reliability, ERCOT, Public Utility Commission, penalties, performance requirements, energy policy, construction contracts, compensatory damages, government delays, contractor, legislation, nonprofit donor privacy, membership lists, supporter confidentiality, volunteer privacy, association rights, public records exemption, Texas Public Information Act, government transparency

Transcript Highlights:

• little bit of history, I started on this DER space probably six years ago because the PUC was not acting
• Currently, state and local governments act as financial intermediaries in the collection of membership
• Chairman and members, SB 2330, the Government Accountability and Transparency Act, restores the proper
• You know, in the case of affiliates of large corporate unions, easily.
• While state and local governments exist to serve the people of Texas, they were never intended to act

Bills: SB75, SB715, SB776, SB1299, SB1405, SB1968, SB2021, SB2077, SB2148, SB2321, SB2330, SB2411

Keywords: electric generation, reliability, ERCOT, Public Utility Commission, penalties, performance requirements, energy policy, construction contracts, compensatory damages, government delays, contractor, legislation, nonprofit donor privacy, membership lists, supporter confidentiality, volunteer privacy, association rights, public records exemption, Texas Public Information Act, government transparency

Summary: The Senate Committee on Business and Commerce heard Senate Bill 2021 by Senator Johnson, as substituted, on distributed energy resources (DERs). Johnson said the bill was intended to create a regulatory framework for DERs and virtual power plants, address interconnection and registration issues, and prevent regulatory capture as the industry grows. Testimony was split: Texas Electric Cooperatives asked for clarification so co-ops would not be unintentionally excluded from owning or operating DERs; AECT supported the bill as providing needed rules and customer protections; TABA, Texas Solar and Storage Association, Sierra Club, Texas Solar Energy Society, and several others opposed it or raised concerns that it was too utility-centric, imposed red tape, and could burden homeowners and small businesses with registration and interconnection requirements. Johnson repeatedly said the bill was not meant to stop rooftop solar or backup systems and that he was open to specific redlines and further changes. SB 2021 was left pending after testimony. The committee then took up Senate Bill 2330 by Senator Parker, which would end government payroll deduction for dues to certain public employee organizations, while exempting first responders under Chapters 143 and 147 and making other conforming changes in a committee substitute. Parker argued the bill was about government neutrality, transparency, and employee freedom from coercion, and said organizations can collect dues directly using modern payment methods. Supporters from Texas Public Policy Foundation, Texas Business Coalition, Freedom Foundation, ABC Texas, and Texans for Fiscal Responsibility said taxpayer-funded payroll systems should not be used to collect dues for private organizations, especially ones involved in political activity. Opponents, including ATPE, Texas Classroom Teachers Association, Texas Public Employees Association, and correctional employees, said payroll deduction is a convenient, secure service that helps professional associations and employee groups, and argued the bill would burden teachers and other public employees. Several witnesses and senators focused on the bill’s exemptions and whether it treated teachers differently from first responders. Senator Menendez questioned why some public employees were excluded while others were not, and a Houston police union representative said he moved from opposing to supporting the bill after being told the substitute would preserve meet-and-confer deductions under Chapters 143 and 147. Senator Parker closed by saying the bill was not meant to eliminate associations or payroll deduction entirely, only to remove the state as a middleman. SB 2330 was left pending, and the committee then recessed subject to call.