| LEGISLATIVE BUDGET BOARD |
| Austin, Texas |
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| FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION |
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| April 13, 2015 |
| TO: | Honorable René Oliveira, Chair, House Committee on Business & Industry |
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| FROM: | Ursula Parks, Director, Legislative Budget Board |
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| IN RE: | HB3168 by Simmons (Relating to remedies for oppression of minority shareholders by directors of closely held corporations.), As Introduced |
No significant fiscal implication to the State is anticipated.
The bill would amend the Business Organizations Code to establish remedies for certain shareholders in closely held corporations.
The Secretary of State indicates the provisions of the bill could be implemented within existing resources.
The bill would take effect September 1, 2015.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
| LBB Staff: |
UP, CL, EP, CM
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