Fabio
99 lines
5.1 KiB
Markdown
99 lines
5.1 KiB
Markdown
---
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type: "Bill"
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title: "Corporate Actions"
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description: "Corporate Actions; Providing that a defective corporate action is not void or voidable in certain circumstances; requiring the board of directors to take certain action to ratify a defective corporate action; providing quorum and voting requirements for the ratification of certain defective corporate actions; requiring that notice be given to shareholders of certain corporate action taken by the board of directors; providing that notice is not required for holders of certain shares whose identities or addresses for notice cannot be determined, etc."
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jurisdiction: "us/states/fl"
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legislature: "Florida Legislature"
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session: "2024"
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identifier: "SB 1198"
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citation: "Florida SB 1198 (2024)"
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classification: ["bill"]
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subjects: ["banks and banking", "business organizations", "judicial branch", "military affairs and related matters", "public business"]
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status: "enacted"
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chapter_law: "2024-265"
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primary_sponsors: ["Commerce and Tourism", "Martin", "Rules"]
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version_count: 4
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action_count: 31
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vote_count: 4
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first_action: "2024-01-03"
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last_action: "2024-06-26"
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source: "openstates"
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source_identifier: "ocd-bill/002d9281-98b0-4042-af02-36b177f1bff6"
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source_url: "https://flsenate.gov/Session/Bill/2024/1198/ByCategory"
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source_hash: "59c0337aba858bd86262e99e9868fb94af3164686f646536522c7e60d11637b7"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-fl"]
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---
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# Florida SB 1198 (2024) — Corporate Actions
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Corporate Actions; Providing that a defective corporate action is not void or voidable in certain circumstances; requiring the board of directors to take certain action to ratify a defective corporate action; providing quorum and voting requirements for the ratification of certain defective corporate actions; requiring that notice be given to shareholders of certain corporate action taken by the board of directors; providing that notice is not required for holders of certain shares whose identities or addresses for notice cannot be determined, etc.
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**Enacted** — Laws of Florida, Chapter 2024-265.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **S 1198 Filed** (filed) — [source](https://flsenate.gov/Session/Bill/2024/1198/BillText/Filed/HTML)
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2. **S 1198 c1** (committee substitute) — [source](https://flsenate.gov/Session/Bill/2024/1198/BillText/c1/HTML)
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3. **S 1198 c2** (committee substitute) — [source](https://flsenate.gov/Session/Bill/2024/1198/BillText/c2/HTML)
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4. **S 1198 er** (enrolled) — [source](https://flsenate.gov/Session/Bill/2024/1198/BillText/er/HTML)
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## Votes
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- Favorable with Committee Substitute — **5–0** (pass) · upper
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- Third Reading — **39–0** (pass) · upper
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- Passage, Third Reading — **114–0** (pass) · lower
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- Favorable with Committee Substitute — **20–0** (pass) · upper
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## Sponsors
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- Commerce and Tourism — primary (person)
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- Martin — primary (person)
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- Rules — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2024-01-03** Filed `filing`
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- **2024-01-08** Referred to Commerce and Tourism; Rules `referral-committee`
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- **2024-01-09** Introduced `introduction`
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- **2024-01-18** On Committee agenda-- Commerce and Tourism, 01/23/24, 1:00 pm, 110 Senate Building
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- **2024-01-23** CS by Commerce and Tourism; YEAS 5 NAYS 0
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- **2024-01-24** Pending reference review under Rule 4.7(2) - (Committee Substitute)
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- **2024-01-24** CS by Commerce and Tourism read 1st time
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- **2024-01-25** Now in Rules
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- **2024-02-05** On Committee agenda-- Rules, 02/08/24, 8:30 am, 412 Knott Building
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- **2024-02-08** CS/CS by- Rules; YEAS 20 NAYS 0
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- **2024-02-09** Pending reference review -under Rule 4.7(2) - (Committee Substitute)
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- **2024-02-09** Placed on Calendar, on 2nd reading
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- **2024-02-09** Placed on Special Order Calendar, 02/14/24
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- **2024-02-13** CS/CS by Rules read 1st time
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- **2024-02-14** Read 2nd time `reading-2`
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- **2024-02-14** Read 3rd time `reading-3`
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- **2024-02-14** CS passed; YEAS 39 NAYS 0 `passage`
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- **2024-02-14** Immediately certified
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- **2024-02-14** In Messages
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- **2024-03-01** Bill referred to House Calendar
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- **2024-03-01** Bill added to Special Order Calendar (3/4/2024)
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- **2024-03-01** 1st Reading (Committee Substitute 2) `reading-1`
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- **2024-03-04** Read 2nd time `reading-2`
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- **2024-03-04** Placed on 3rd reading `reading-3`
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- **2024-03-04** Added to Third Reading Calendar
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- **2024-03-05** Read 3rd time `reading-3`
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- **2024-03-05** CS passed; YEAS 114, NAYS 0 `passage`
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- **2024-03-05** Ordered enrolled `enrolled`
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- **2024-06-17** Signed by Officers and presented to Governor `executive-receipt`
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- **2024-06-25** Approved by Governor `executive-signature`
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- **2024-06-26** Chapter No. 2024-265
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/002d9281-98b0-4042-af02-36b177f1bff6`. Confidence: reported (aggregated from official Florida legislature records).
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